Media baron Subhash Chandra has appealed to the National Company Law Appellate Tribunal (NCLAT) against a five-member National Company Law Tribunal (NCLT) bench's order that prevents him from selling or transferring his assets while his personal insolvency case is ongoing.
Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
'Resolution plan with this much haircut is totally unviable.'
A special five-member NCLT bench has issued notices to all parties in Subhash Chandra's personal insolvency case and directed the Essel Group Chairman not to alienate his properties, either directly or indirectly, following a split verdict on a repayment plan.
Zee founder Subhash Chandra has shifted his public statements from allegations against Mukesh Ambani to focusing on settling outstanding Essel Group debt, with borrowers reportedly agreeing to repay obligations.
Media baron Subhash Chandra has clarified that the total claim against him in personal insolvency proceedings is Rs 3,992 crore, not Rs 22,000 crore as claimed by dissenting creditors, asserting he was only a personal guarantor and not the borrower.
Essel Group Chairman Subhash Chandra has challenged the National Company Law Tribunal's (NCLT) decision to form a five-member bench to hear his personal insolvency case, arguing that the tribunal lacks the power to constitute such a bench. This comes after a split verdict and a subsequent stay on an order allowing him to settle claims.
Essel Group founder Subhash Chandra has called for an independent audit to examine the group's borrowings, defaults, and repayments, stating that approximately 43,000 crore of its 45,000 crore total debt has been repaid.
Sources clarify that the NCLT's approval of a repayment plan for Essel Group founder Subhash Chandra does not signify a 99.97 per cent write-off of Rs 22,000 crore in bank loans, as the figure represents claims against him as a personal guarantor, not debt personally borrowed.
The National Company Law Tribunal (NCLT) has approved a repayment plan for media baron Subhash Chandra, allowing him to settle admitted creditor claims of approximately Rs 22,006.57 crore by paying just Rs 6.5 crore, resulting in a nearly 99.97 per cent haircut for lenders.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.
Author of over 100 books, he served as the secretary general of Lok Sabha from 1983 to 1990.
A family faced a violent assault during a Ganesh immersion procession after a woman politely asked a group to lower the volume of their drums.
A special court in Ayodhya has rejected the bail applications of three more individuals accused in the alleged theft of donations at the Ram temple, following similar rejections for three others. The case involves embezzlement of cash and valuables, leading to eight arrests and a state-level SIT investigation.
Kerala Police officer Bobby Sabu has broken a 39-year-old triple jump record at the 47th Kerala Police State Athletics Meet with a 15.93-metre effort. This achievement follows his recent gold medal win at the All India Police Duty Meet, marking a significant milestone in his athletic career.
Mushtaq Khan, celebrated for his memorable roles in films like Welcome and Gadar: Ek Prem Katha, passed away after a battle with cancer.
Jat leaders and khap heads in Shamli are set to meet district officials to address concerns regarding the murder of Haryanvi singer Ankit Balyan. This follows an emergency panchayat held after Balyan was shot dead on August 26, a crime linked to the Gogi gang, which has already led to the killing of two sharpshooters in a police encounter.
The Supreme Court has questioned the reliability of legislative majority as the sole determinant for political party ownership, especially when disqualification proceedings are pending against the very legislators forming that majority. This query arose during arguments concerning the Shiv Sena faction dispute between Eknath Shinde and Uddhav Thackeray.
The Supreme Court has affirmed its decision not to alter the five-member high-powered committee, led by former Justice R Subhash Reddy, which is investigating allegations of police excesses against student protesters and violence against police personnel in Delhi. The court dismissed concerns about potential bias, stating the committee acts as its "extended hand" and will function under its supervision. It also noted the suspension of an executive magistrate who issued a show-cause notice to a student involved in protests.
'Now, here I am, doing my 10th season, and loving yet another opportunity to reach out to audienceS at home.'
Kartik Aaryan, Yami Gautam were honoured at the 72nd National Film Awards.
Dr Subhash Kashyap not only enhanced Parliament's image in India and abroad, but also the position of Lok Sabha secretary-general which succeeding secretary-generals have upheld thorough neutrality, objectivity and high degree of professionalism, notes Rup Narayan Das.
'I have seen all the storms and floods. I have crawled and reached here.'
'I kept saying, we'll do it, but I had no clue how. Neither did my trainer. But we went in with the intention that no matter what, we will have to do this.'
The Allahabad High Court has strongly criticised the Uttar Pradesh government for the alleged misuse of the Goonda Act, stating it appears to be used as a tool of harassment. The court emphasised that the stringent law must be invoked with caution and only in clear cases to maintain public order, while quashing an order that declared a person a "goonda" based on acquitted cases and beat information reports.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
'...Aditya's intensity.' 'The film is very gritty and character-driven, and I wanted Aditya to feel like a real person rather than just a heroic cop.'
'They felt familiar and real. At the same time, people wanted to share this experience with their loved ones.'
The Supreme Court has questioned the Election Commission's decision to allot the Shiv Sena's bow-and-arrow symbol to the Eknath Shinde faction, asking if the possibility of denying the symbol to both factions was adequately considered. The court also raised concerns about using legislative majority as a test while disqualification proceedings against MLAs were pending. The Shinde faction argued for the validity of the legislative majority test, citing significant vote share and legal precedents.
'Morally ambiguous characters are most interesting to play.'
The Enforcement Directorate (ED) Director, Rahul Navin, has issued directives to intensify action against Insolvency and Bankruptcy Code (IBC) frauds involving "large haircuts" and to address delays in police registering FIRs based on ED's requests. The agency also aims to fast-track high-profile trials under the Prevention of Money Laundering Act (PMLA) and enhance internal coordination and efficiency.
'I will never say never to a sequel.'
Following the murder of a trader in Gonda, Uttar Pradesh, after a social media dispute, widespread protests have erupted. Demonstrators, led by Uttar Pradesh minister Sanjay Nishad, are demanding the death penalty for the accused, compensation for the victim's family, and action against negligent police personnel, three of whom have already been suspended.
'Gurmmeet Singh was extremely sure in his head that the canvas should be bigger. The movie should look big on screen. It should look like the Mirzapur world but at the same time, much bigger.'
'There is enough room for two Kings during the festive season.'
'Ashaji has not left the human heart. That is her true mehfil. That is where she resides -- unfading, unending.'
'The greatest love story of my life was with this man. He cured me of the spiritual question and threw me back into the real world.'
'God has given me a second life.'
'You will see Munna in his all guns blazing avatar.'
