5-member NCLT bench to hear Indiabulls plea against Chandra
A five-member bench is set to examine the plea from Indiabulls Housing Finance against Subhash Chandra. This review follows the NCLAT's validation of a Rs 6.5 crore payment order. Solicitor General Tushar Mehta contends that this ruling undermines the principles of the Insolvency & Bankruptcy Code. The NCLT delivered a divided opinion regarding Chandra's repayment strategy.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
