STARTUP LEGAL23 Sept 2026
Subhash Chandra repayment plan: NCLT seeks CBI response, puts hearing on hold | Company Business News
The National Company Law Tribunal (NCLT) has asked the Central Bureau of Investigation (CBI) to respond within four weeks on Zee founder Subhash Chandra's ₹6.5 crore repayment plan, saying the agency's probe could affect the case. The tribunal also postponed the hearing for lack of benches, and Chandra cannot sell or transfer property meanwhile. Creditors still dispute whether the plan binds them.
Key Statutory Highlights
- The NCLT sought a response from the CBI within four weeks in the case about Subhash Chandra's repayment plan.
- Chandra's ₹6.5 crore plan proposed paying ₹6.25 crore to creditors and ₹25 lakh towards insolvency process costs.
- The tribunal restrained Chandra from selling or transferring any property during the pendency of the matter.
Actionable Advice for Taxpayers / Founders:If you have signed as a personal guarantor for a company's loans, get a CA to review your exposure and keep your net worth records and any family settlement papers ready, because disputes over repayment plans can end up before the NCLT.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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