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The Economic Times

Economy / The Economic Times

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HDFC Bank, LIC Housing Finance to contest Zee resolution

HDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payment from Subhash Chandra as guarantor. Several lenders had opposed this repayment plan, which was approved by the majority. Government officials clarified Chandra was a guarantor, not the principal borrower.

28 Aug 2026 6:00 am