NCLT Deadlock Delays Resolution of Subhash Chandra's Rs 22,000 Crore Debt
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A tribunal dispute has emerged over the proposed restructuring of media mogul Subhash Chandra's Rs 22,000 crore debt. The matter has reached a deadlock at the National Company Law Tribunal due to a difference of opinion among its members. The case has been referred back to the NCLT President to resolve the impasse. The President holds the authority to either appoint a third member or issue a decisive order to establish a majority view. The development adds further uncertainty to the debt resolution process involving Chandra.
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