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INDIA
NCLT's first-ever 5-member Bench to decide on Subhash Chandra repayment plan
GlobeVerge has tracked this story since 15h ago.
A Division Bench had failed to reach a majority verdict in a personal insolvency case involving claims of more than ₹22,000 crore
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- Why it matters
- A tied two-member bench could not decide the repayment plan; a five-member bench breaks the deadlock and determines whether Subhash Chandra's creditors receive payment and on what terms.
- Most affected
- Creditors in the insolvency case — Their claims of ₹22,000 crore move toward resolution after judges deadlocked.
Subhash Chandra — His personal insolvency proceedings advance to a binding decision on repayment obligations. - Likely next
- Whether the five-member bench issues a verdict on the repayment plan and its terms.