Subhash Chandra's Dissenting Lenders Challenge NCLT Order at NCLAT

Summary

Dissenting lenders, including Canara Bank and Union Bank, have challenged the NCLT's approval of Subhash Chandra's personal insolvency plan at the NCLAT. They argue that entities linked to Chandra's family improperly influenced the voting process for the plan, which proposes a Rs 6.5 crore payment against creditor claims.