{
  "id": 4791459,
  "title": "NCLT five-member bench stays Subhash Chandra’s ₹6.5 crore repayment plan, says earlier order was not majority view",
  "url": "https://urgent.news/2026/09/01/nclt-five-member-bench-stays-subhash-chandras-6-5-crore-repayment",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T05:14:21.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/nclt-subhash-chandra-hdfc-bank-insolvency-repayment-plan-zee-group-creditors-ibc-personal-guarantee-11788236722393.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The National Company Law Tribunal's (NCLT) five-member special bench has stayed Subhash Chandra's ₹6.5 crore repayment plan, stating that the earlier approval did not represent a majority view of the tribunal. This development came after the earlier three-member bench could not reach a consensus on how the repayment plan should operate. The NCLT has now asked both parties to provide their replies, and will hear all parties extensively before making a final decision on the repayment plan. The creditors, including LIC Housing Finance, HDFC Bank, and Union Bank of India, have challenged the NCLT order approving Chandra's repayment plan, and a hearing has been listed for Wednesday to consider whether intervention by the National Company Law Appellate Tribunal (NCLAT) is required.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "How Subhash Chandra’s Rs 6.25-crore resolution proposal sailed through",
        "url": "https://urgent.news/2026/08/29/how-subhash-chandras-rs-6-25-crore-resolution-proposal-sailed-through",
        "published": "2026-08-29T08:31:23.000Z"
      }
    ]
  },
  "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."
}