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The Economic Times

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99.97% haircut? How the scissors worked in the Subhash Chandra case

NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about 6.5 crore against 22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.

28 Aug 2026 1:59 pm