Brief by Shorts91 Newsdesk / 05:26am on 01 Sep 2026,Tuesday Business
The National Company Law Tribunal (NCLT) has paused its earlier order allowing Essel Group chairman Subhash Chandra to settle his insolvency case by paying around Rs 6.25 crore. The tribunal has also stopped Chandra from selling or transferring his properties. The case will now be heard by a special five-member bench. The bench said there were differences in the earlier orders passed by three members, with no clear majority decision. The earlier order had raised questions because claims of over Rs 22,000 crore were reportedly made against Chandra. The five-member bench will now review the matter and decide the next steps.
