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The National Company Law Tribunal (NCLT) in India has initiated insolvency proceedings against media mogul Subhash Chandra, following a plea by Indiabulls Housing Finance. Chandra, the founder of Zee Entertainment Enterprises, is facing insolvency due to his role as a personal guarantor on a defaulted loan.
#SC issues notice to #JKC and #JetAirways on #SBI-led consortium's petition challenging #NCLAT's March order https://t.co/jviYcINLmt
#NCLT admits #IndiabullsHousingFinance #insolvency plea against #SubhashChandra https://t.co/Nzf2S2vtIL
Media Baron Subhash Chandra Faces Insolvency Proceedings on Indiabulls Plea https://t.co/Rp2dyPAN6M
