The NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drastic resolution indicates a staggering 99.97 percent loss for the lenders. Congress has denounced this move as a travesty of the Insolvency and Bankruptcy Code. Despite dissent from creditors such as LIC Housing Finance, the tribunal emphasized its obligation to respect the commercial decisions made by creditors.