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Subhash Chandra’s personal insolvency case has taken a fresh turn as LIC Housing Finance challenges the repayment plan before the NCLAT. The case involves admitted creditor claims of around ₹22,000 crore against a repayment plan of just ₹6.25 crore, raising questions over the massive haircut, creditor voting and the role of entities that supported the plan. In this episode of Kharcha Pani, we explain why LIC Housing Finance has appealed, what banks such as HDFC Bank and IDBI have alleged about related or associate entities, how the NCLT dealt with those objections, and what Subhash Chandra has now said publicly about the loans, personal guarantees and the ₹22,000 crore figure. We also look at the reactions of Lalit Modi and Harsh Goenka, and explain what could happen next in the Subhash Chandra loan case, NCLT order, NCLAT appeal, insolvency proceedings and creditor recovery battle.
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Production: SHRUTI
Video Editor: SAMEER KHAN
