Development · 30 Aug 2026

LIC Housing Finance Ltd faces a haircut on its claim against Essel Group founder Subhash Chandra in insolvency proceedings, set to receive Rs 38.09 lakh against an admitted claim of Rs 1,322.39 crore under a repayment plan approved by the National Company Law Tribunal.

1 publisher has reported this development. Each act of reporting is below, cited.

The record

businesstoday.in29 Aug 2026

A single act of reporting so far, corroborating sources join this record as they publish.

LIC Housing Finance

₹509.00

▼ -4.00%

Close (EOD), as of 1 Oct 2026 · source

LIC Housing Finance: results, dividends, orders, the full cited record →

More on LIC Housing Finance

Starting home loan rates vary from 7% to 7.45% among various banks, and these rates are for September 2026.

20 Sep 2026 · 1 publisher

Canara Bank and Union Bank challenged an NCLT order approving Subhash Chandra's personal insolvency payment plan of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore before the NCLAT on Monday.

1 Sep 2026 · 1 publisher

Subhash Chandra stated that the HDFC Group has made claims totaling ₹775 crore without valid personal guarantees in his personal insolvency matter.

31 Aug 2026 · 1 publisher

Union Bank of India, Canara Bank, and LIC Housing Finance have said they will challenge the NCLT order approving Subhash Chandra's repayment plan.

30 Aug 2026 · 6 publishers

Union Bank of India, Canara Bank, and LIC Housing Finance Ltd have decided to challenge the NCLT order that approved Subhash Chandra's repayment plan, which was approved with support from financial creditors holding 80.81% of the voting share.

29 Aug 2026 · 1 publisher

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