Development · 1 Sep 2026
HDFCBANK, full dossier3 publishers have reported this development. Each act of reporting is below, cited.
The National Company Law Tribunal approved a repayment plan under which Essel Group founder Subhash Chandra will pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, resulting in a haircut of nearly 99.97% for lenders.
The National Company Law Tribunal approved a repayment plan under which Essel Group founder Subhash Chandra will pay 6.25 crore rupees to creditors against admitted claims of about 22,006.57 crore rupees in his personal insolvency proceedings.
HDFC Bank is exploring an appeal before the National Company Law Appellate Tribunal against an NCLT order approving a repayment plan for Essel Group founder Subhash Chandra under which creditors would recover ₹6.25 crore against admitted claims of approximately ₹22,006.57 crore.
2 Oct 2026 · 3 publishers
2 Oct 2026 · 1 publisher
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