Subhash Chandra Plans Startup Investments After NCLT Approves ₹6.5-Crore Repayment Plan
Media entrepreneur Subhash Chandra is planning a fresh professional venture after the National Company Law Tribunal (NCLT) approved a repayment plan in his personal insolvency proceedings. According to an NDTV report, Chandra is exploring investments in startups and may collaborate with investment professionals based in Switzerland. Chandra said he is in discussions with friends in Switzerland…
Former media mogul Subhash Chandra plans to venture into startup investments following his approval of a repayment plan by the National Company Law Tribunal (NCLT). According to NDTV, Chandra is in talks with Swiss investment professionals and may collaborate with them. He expects to reveal more details about his startup plans within one to two weeks.
Chandra is also considering borrowing a sum between Rs 2-4 crore from family members for investment in potentially high-growth startups. However, the NCLT plan has left creditors with a minimal recovery, as only around Rs 6.5 crore will be distributed out of approximately Rs 22,006.57 crore in admitted creditor claims. This recovery rate translates to nearly 99.97% loss for creditors.
Chandra, who owns a rental property, remains confident in his ability to identify and develop new ideas, despite the financial setbacks he has faced recently. His proposed startup investments signify a departure from his previous business interests in media, infrastructure, and amusement parks.
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