business βοΈ Chandra's payout plan stalled by NCLT bench
The NCLT's five-member Bench stayed an earlier ruling approving Subhash Chandra's βΉ6.25 crore payout. This decision was made in the personal insolvency proceedings against him in New Delhi. The stay relates to an August 25, 2026 ruling concerning admitted claims of βΉ22,006.57 crore. The bench found no clear majority view to uphold the repayment plan approved by creditors. The parties are scheduled to be heard again before the Special Bench on September 23, 2026. π§