Rs 22,000 Cr Is Not Bank Loan Write-Off, Sources On NCLT Order In Subhash Chandra Case

NCLT Clears Subhash Chandra’s Rs 6.5 Crore Payout to Settle Rs 22,006 Cr Dues With 99.97% Haircut

Last Updated:August 27, 2026, 1:37 PM IST NCLT Member (Judicial) Nilesh Sharma approves the plan under Section 114 of IBC, rejecting objections by lenders that the recovery was too meagre to merit approval. Subhash Chandra. (File Photo) The insolvency tribunal NCLT has approved a repayment plan under which media baron Subhash Chandra will pay just…

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NCLAT Upholds Full PF, Gratuity Dues For Jet Airways Staff, Rejects SBI Plea

NCLAT Upholds Full PF, Gratuity Dues For Jet Airways Staff, Rejects SBI Plea

Last Updated:July 01, 2026, 07:46 IST NCLAT upheld the rights of hundreds of former Jet Airways employees to receive these statutory benefits outside the airline’s liquidation estate. Jet Airways Employees Get Major Relief as NCLAT Orders Full PF, Gratuity Payout The National Company Law Appellate Tribunal (NCLAT) on Tuesday held that workmen are entitled to…

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Government To Close Insolvency And Bankruptcy Law Loopholes? New Rules Coming Soon, BIG Change Expected In Blood Relation Clause

Government To Close Insolvency And Bankruptcy Law Loopholes? New Rules Coming Soon, BIG Change Expected In Blood Relation Clause

New Delhi: The government is gearing up to make some of the biggest changes yet to the Insolvency and Bankruptcy Code (IBC) in the upcoming winter session of Parliament. While the law has seen several amendments since it was first introduced in 2016, the proposed IBC Amendment Bill 2025 is expected to be the most…

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