{
  "id": 5011408,
  "title": "NCLT stays Zee founder Subhash Chandra's ₹6.5 crore repayment plan",
  "url": "https://urgent.news/2026/09/02/nclt-stays-zee-founder-subhash-chandras-6-5-crore-repayment-plan",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T04:22:33.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/nclt-stays-zee-founder-subhash-chandra-6-5-crore-repayment-plan-101788314749269.html"
  },
  "original_language": "en",
  "account": "The National Company Law Tribunal (NCLT) has suspended a previous decision allowing Zee founder Subhash Chandra to repay ₹6.5 crore, thereby re-opening a dispute over a proposal opposed by numerous lenders. A five-member special bench of the NCLT, headed by President Justice Anupinder Singh Grewal, stated that the earlier order by member Nilesh Sharma, delivered on August 25th, could not be enforced as it lacked the consensus of the entire tribunal. The bench, which includes Justice Grewal, judicial members Bachu Venkat Balaram Das and Mahendra Khandelwal Das, as well as technical members Atul Chaturvedi and Ravindra Chaturvedi, on Tuesday prohibited Chandra from selling or transferring any of his assets, either directly or indirectly, while the matter is ongoing. Solicitor general Tushar Mehta argued on behalf of the creditors to safeguard Chandra's assets. The NCLT issued notices to all parties and stated it would hear them extensively before making a decision on the repayment plan. The hearing is scheduled for September 23rd.",
  "summary": "The next hearing is on September 23, where the tribunal will address creditor objections and evaluate the proposal's validity.",
  "key_points": [
    "NCLT suspends Subhash Chandra's ₹6.5 crore repayment plan",
    "Five-member special bench orders asset freeze",
    "Hearing scheduled for September 23rd"
  ],
  "editors_take": "The NCLT's suspension of Subhash Chandra's repayment plan puts his assets at risk of being frozen and shifts the balance in favour of lenders, who had opposed the proposal.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}