NCLT sends Subhash Chandra insolvency plan back to chairperson as benches fail to reach majority

Wait 5 sec.

Subhash Chandra's personal insolvency case has hit another legal hurdle, with the NCLT failing to reach a majority view on his Rs 6.5 crore repayment plan against claims of over Rs 22,000 crore. The matter has now been referred back to the NCLT President, while dissenting lenders have challenged the plan before the NCLAT.