Chandra says his borrowing was ₹0 amid raging row
Mumbai: Essel Group chairman Subhash Chandra has clarified his borrowing status amid a dispute over claims against him. Chandra stated that his personal borrowing was ₹0, despite a claim of ₹6.25 crore in personal guarantee liabilities. The disputed amount of ₹22,006 crore refers to personal guarantees given for loans taken by other entities within the group. Chandra clarified that about ₹4,800 crore of these guarantees were given when the funds were borrowed, while the remaining were signed after defaults occurred.
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