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Lenders Plan Appeal Against NCLT Approval of Subhash Chandra Insolvency Plan
Union Bank, Canara Bank, and LIC Housing Finance intend to challenge the National Company Law Tribunal’s recent approval of media executive Subhash Chandra’s insolvency resolution plan. The creditors argue that the proposed repayment terms do not adequately protect their financial interests.
29 Aug, 11:09 — 29 Aug, 12:10
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Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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Geographic diversity— 1 region4/34
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ndtvMostly Factual5h ago
Union Bank To Challenge Approval Of Subhash Chandra's Insolvency Plan
In the statement, Union Bank of India, along with other creditors, including Canara Bank and LIC Housing Finance, had voted against the resolution plan and opposed its approval before the NCLT.
Read full article →moneycontrol6h ago
LIC Housing Finance, Canara Bank, Union Bank to challenge NCLT approval of Subhash Chandra repayment plan - Moneycontrol.com
LIC Housing Finance, Canara Bank, Union Bank to challenge NCLT approval of Subhash Chandra repayment plan Moneycontrol.com
Read full article →Coverage Timeline
First report: moneycontrol · 29 Aug, 11:09|Full coverage: 2 · 1h|Window: 1h
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