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5-member NCLT bench to hear Indiabulls plea against Chandra
Times of India — Top Stories✓
Original Reporting
AI EXECUTIVE SUMMARY
A five-member bench is set to examine the plea from Indiabulls Housing Finance against Subhash Chandra. This review follows the NCLAT's validation of a Rs 6.5 crore payment order. Solicitor General Tushar Mehta contends that this ruling undermines the principles of the Insolvency & Bankruptcy Code. The NCLT delivered a divided opinion regarding Chandra's repayment strategy.
A five-member bench is set to examine the plea from Indiabulls Housing Finance against Subhash Chandra. This review follows the NCLAT's validation of a Rs 6.5 crore payment order. Solicitor General Tushar Mehta contends that this ruling undermines the principles of the Insolvency & Bankruptcy Code. The NCLT delivered a divided opinion regarding Chandra's repayment strategy.
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