New Delhi, India — The National Company Law Tribunal’s New Delhi Bench has approved a repayment plan in the personal insolvency resolution process involving Essel Group founder Dr Subhash Chandra, providing for a ₹6.50 crore payout against admitted financial creditor claims of approximately ₹22,006.57 crore. Under the approved arrangement, ₹6.25 crore is earmarked for eligible financial creditors and ₹25 lakh for process costs, resulting in an estimated recovery of roughly 0.028% to 0.03% and a haircut of about 99.97%.
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Sensex Falls 539 Points, Nifty Ends Lower Today
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