{
  "id": 4674743,
  "title": "Tribunal twist: NCLT to hear Chandra plan again, this time with a bigger bench",
  "url": "https://urgent.news/2026/08/31/tribunal-twist-nclt-to-hear-chandra-plan-again-this-time-with-a",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T16:45:19.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/tribunal-twist-nclt-to-hear-chandra-plan-again-this-time-with-a-bigger-bench-11788190457859.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The National Company Law Tribunal (NCLAT) has formed a new five-member special bench to reconsider the repayment plan proposed by Subhash Chandra, the founder of the Zee Group, in the loan repayment case. The previous three-member bench could not reach a majority view on how the plan would operate, leading to the formation of this larger bench. The new bench, comprising NCLT President Justice Anupinder Singh Grewal, judicial members Bachu Venkat Balaram Das and Mahendra Khandelwal Das, and technical members Atul Chaturvedi and Ravindra Chaturvedi, will hear the matter on Tuesday. The plan, which proposes to pay ₹6.25 crore to creditors and ₹25 lakh for the insolvency process, totaling ₹6.5 crore against claims of ₹22,006 crore, has been challenged by creditors such as HDFC Bank and LIC Housing Finance. The NCLT clarified that there was no majority view on Chandra’s repayment plan, with one member suggesting the plan should apply only to supporters and another arguing it should include all creditors. The tribunal decided to refer the case to the Hon'ble President due to the lack of a majority view, as per Section 419(5) of the Indian Companies Act.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "HDFC Bank may appeal ₹6.5-cr repayment plan for Subhash Chandra",
        "url": "https://urgent.news/2026/08/28/hdfc-bank-may-appeal-6-5-cr-repayment-plan-for-subhash-chandra",
        "published": "2026-08-28T01:57:10.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "NCLT case coverage: Reliance rejects Subhash Chandra’s allegations against its media entities as ‘baseless’",
        "url": "https://urgent.news/2026/08/28/nclt-case-coverage-reliance-rejects-subhash-chandras-allegations",
        "published": "2026-08-28T17:18:29.000Z"
      }
    ]
  },
  "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."
}