₹22,000 Crore vs ₹6.25 Crore: Subhash Chandra NCLT Case Explained

₹22,000 crore in claims. A ₹6.25 crore payout. Then NCLT stopped the plan.

This episode breaks down Zee founder Subhash Chandra’s personal insolvency case: why lenders filed claims of about ₹22,006 crore, why Chandra says he was only a personal guarantor and not the borrower, and why a five-member NCLT bench stayed the August 25 repayment order and barred asset transfers.

We cover:

• Personal guarantee vs personal loan
• The 99.97% “haircut” headline vs the legal reality
• Who supported the plan and who opposed it
• What happens next — NCLT on 23 September, NCLAT on 7 October

Facts only. No hype.

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