{
  "id": 3736716,
  "title": "Subhash Chandra's ₹6.5 cr payout to settle dues cleared by NCLT; Congress calls it ‘mundan’: Key things to know",
  "url": "https://urgent.news/2026/08/27/subhash-chandras-6-5-cr-payout-to-settle-dues-cleared-by-nclt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T12:39:18.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/subhash-chandras-rs-6-5-cr-payout-to-settle-dues-cleared-by-nclt-congress-calls-it-mundan-key-things-to-know-11787819816271.html"
  },
  "original_language": "en",
  "account": "The National Company Law Tribunal (NCLT) has approved Subhash Chandra's proposed recovery plan, allowing the media entrepreneur to settle admitted claims worth ₹22,006.57 crore by paying creditors only ₹6.5 crore. The Congress criticized the NCLT order, calling the massive reduction a \"mundan\" that mocks the Insolvency and Bankruptcy Code (IBC) of 2016. The NCLT member Nilesh Sharma approved the resolution plan, dismissing objections from lenders who argued it was too low.",
  "summary": "The NCLT approved a resolution plan by Subhash Chandra to settle ₹22,006.57 crore in claims with only ₹6.5 crore, representing a 99.97% reduction. NCLT Member (Judicial) Nilesh Sharma, acting as the third member of the tribunal, approved the resolution plan on Tuesday under Section 114 of IBC.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Hindu",
        "title": "'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's ₹6.5 crore payout",
        "url": "https://urgent.news/2026/08/27/not-haircut-but-mundan-congress-on-nclt-clearing-subhash-chandras-6-5",
        "published": "2026-08-27T07:15:33.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Rs 22,006 crore claim, Rs 6.5 crore payout: Why NCLT’s Subhash Chandra order puts lens on insolvency framework",
        "url": "https://urgent.news/2026/08/27/rs-22-006-crore-claim-rs-6-5-crore-payout-why-nclts-subhash-chandra",
        "published": "2026-08-27T08:53:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}