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The Economic Times

Economy / The Economic Times

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Subhash Chandra opposes NCLTs five-member bench in personal insolvency case

During a recent hearing on a repayment plan challenge, Subhash Chandra, chairman of Essel Group, contested the constitution of the NCLT bench, asserting that it does not possess the power to create such a bench. This critical argument was made as the appellate tribunal is scheduled to address the issues again soon, particularly after the NCLT bench had put a hold on the approval of the repayment plan.

2 Sep 2026 11:32 pm