Brief by Shorts91 Newsdesk / 07:50am on 29 Aug 2026,Saturday India
Zee Group founder Subhash Chandra has outlined his next plans after the National Company Law Tribunal (NCLT) approved a repayment plan in his personal insolvency case. Chandra said he intends to work with investment professionals and friends in Switzerland and may borrow ₹2–4 crore from family members to invest in promising startups. The NCLT-approved plan allows him to settle admitted creditor claims of about ₹22,006 crore with a payment of roughly ₹6.5 crore, representing a nearly 99.97% reduction. The decision has faced criticism from lenders, with HDFC Bank and LIC Housing Finance preparing to challenge the ruling.
