Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
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.
'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.
'How much can we protect ourselves?' asks Amitabh Bachchan.
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.
A Thane court has extended the police custody of Subhash Shinde, the first arrested accused in the murder of Shiv Sena (UBT) leader Pradeep Purnekar, and sent two recently apprehended suspects from Uttar Pradesh, Santosh Kanojia and Amit Singh, to seven-day police remand. The Special Investigation Team is probing the funding for the suspects' stay in UP and the broader conspiracy behind the "calculated and meticulously planned" September 29 murder.
The murder of Shiv Sena (UBT) leader Pradeep Purnekar in Thane has been linked to an old political dispute concerning civic polls, according to Uttar Pradesh police statements cited in court. Two accused, Santosh Kanojia and Amit Singh, arrested from Prayagraj, had their police custody extended till October 22 as the investigation continues into the meticulously planned conspiracy.
A Supreme Court-appointed High Powered Enquiry Committee (HPEC) will hold sittings on October 29 and 30 in New Delhi to investigate alleged violence during the July Jantar Mantar protests, including the use of pellet guns and harassment of female protesters. The panel, chaired by Justice R Subhash Reddy, will hear affected persons and record evidence, also providing an online portal for submissions.
The Allahabad High Court has overturned a 1988 conviction of a man named Subhash in a 1986 rape and kidnapping case, citing the prosecution's failure to establish proof beyond reasonable doubt. The court observed that the woman, who was over 19 at the time, appeared to be a consenting party, and found glaring inconsistencies in the prosecution's case, which was not corroborated by medical or oral evidence, leading to the acquittal.
Ayesha Shroff -- whose father Air Vice Marshal Ranjan Dutt was awarded a Vir Chakra for gallantry in the 1948 War -- met with Chauhan's friends and family in the ICU, sharing her phone number and asking to be kept updated regarding his medical needs.
Police in Latur, Maharashtra, have arrested a 25-year-old man, Krishna alias Pappu Subhash Ahe, for allegedly wielding an iron sickle in a public area on Thursday night. The man was apprehended in the LIC Colony area after police were alerted, and a case was registered under the Arms Act and the Maharashtra Police Act.
'Tiger was sitting in his car when the incident happened. He is not injured. Two people injured, his driver Firdaus and a passerby. 15 teams are working to arrest the culprits.'
Tiger Shroff is now under heavy protection by the Mumbai police after Sunday's shocking shooting incident.
A 28-year-old cab driver, Sanjay Saxena, was allegedly beaten to death by a group of men in Bareilly due to an old enmity. The incident occurred on Wednesday night after he watched a Ramlila performance. One accused, Akshay, has been arrested, and police are investigating the murder linked to a five-month-old dispute.
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.
The Special Investigation Team (SIT) investigating the murder of Shiv Sena (UBT) leader Pradeep Purnekar has secured transit remand for two key suspects, Santosh Kanojia and Amit Singh, from Prayagraj and brought them to Thane. They have been formally arrested and will be produced in a local court on Monday. Police have arrested five individuals in total, but the exact motive behind the crime remains unknown.
Ravi Kishan is set to embody the revered character of Lord Ram in the highly anticipated Ayodhya Ki Ramleela theatrical production, performing live in Delhi.
Author of over 100 books, he served as the secretary general of Lok Sabha from 1983 to 1990.
The Thane Police Special Investigation Team (SIT) is seeking transit remand for two key suspects, Santosh Kanojia and Amit Singh, apprehended in Prayagraj, Uttar Pradesh, in connection with the murder of Shiv Sena (UBT) functionary Pradeep Purnekar. These arrests bring the total number of accused to five. Kanojia and another accused, Subhash Shinde, are believed to have orchestrated the murder, which occurred on September 29.
Mumbai Police are transporting three individuals from Kota, including a juvenile, who were apprehended in connection with the firing incident at actor Tiger Shroff's car. One of the accused is allegedly linked to the Lawrence Bishnoi gang, which claimed responsibility for the attack that occurred on Sunday evening in Juhu.
Thane Police have arrested two more individuals, Santosh Kanojia and Amit Singh, from Uttar Pradesh in connection with the September 29 murder of Shiv Sena (UBT) leader Pradeep Purnekar, bringing the total arrests to five. Kanojia and Subhash Shinde are believed to have orchestrated the plot, with Singh identified as the helmet-wearing assailant.
'I've never been conscious of my looks. Even in my heydays, I never looked at myself and gasped, 'My God, what a beauty'.'
'These are the little cultures with which Nitesh sir works, Ranbir Kapoor works, Ravie Dubey works, Sai Pallavi, Yash... They are so inspiring when you see them work from such close quarters.'
'Nana Patekar's dedication and passion were unmatchable. I remember there was a dinner sequence and the chicken had gone stale. He ate the stale chicken instead of wasting time waiting for fresh food.'
'Attacks happen with an agenda or reason. I don't know what the reason here is.'
President Droupadi Murmu, Prime Minister Narendra Modi, and Vice President C P Radhakrishnan attended Dussehra celebrations in New Delhi on Tuesday. Effigies of Ravan, Kumbhkaran, and Meghnath were burnt at various Ramleela grounds, with dignitaries delivering messages on truth, righteousness, and fighting social evils. One committee also burnt a cockroach effigy to symbolise filth, leading to a complaint from AAP Delhi chief Saurabh Bharadwaj.
The Special Investigation Team (SIT) has summoned former Thane city mayor Meenakshi Shinde for questioning in connection with the murder of Shiv Sena (UBT) leader Pradeep Purnekar last month. Her husband, Rajendra Shinde, was previously questioned. The Purnekar family has accused the Shinde couple of orchestrating the killing, which Meenakshi Shinde denies. Five individuals have been arrested in the ongoing probe.
'Nobody could have played this character better than Rajkummar Rao.'
Sunday's shooting incident targeting Tiger Shroff have rekindled memories of the film industry's dark past, when crime syndicates like Dawood Ibrahim's D-Company and Abu Salem's gang exerted significant influence through extortion, violence, and money laundering.
The bail applications of two accused in the alleged Ram Temple donation theft case, Subhash Srivastava and Ramashankar Yadav, were postponed to October 6 and 7 as the judge was on leave. Six other accused have already had their bail pleas rejected. The SIT's 70,000-page charge sheet details the embezzlement of donations, with Rs 79.85 lakh recovered.
Jeffrey Archer immortalised his nearly 50-year friendship with Tiger Pataudi in the short story The Century.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
'Nobody wrote the dramatic turn like him. Nobody made plot twists, dysfunctional relationships and impossible coincidence so hard to put down.'
