SShortSingh.
Back to feed

Union Bank to Contest NCLT Approval of Subhash Chandra's Insolvency Resolution Plan

0
·1 views

Union Bank of India has decided to legally challenge the approval of a resolution plan related to media baron Subhash Chandra's insolvency proceedings. The bank, along with fellow creditors Canara Bank and LIC Housing Finance, had previously voted against the resolution plan. The creditors had also formally opposed the plan's approval before the National Company Law Tribunal (NCLT). Their objections indicate significant disagreement among lenders over the terms of the proposed insolvency resolution.

Read the full story at NDTV

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

FSSAI bans Everest and Laljee Godhoo hing powder over quality and labelling violations

India's Food Safety and Standards Authority (FSSAI) has prohibited the sale of hing powder manufactured by Everest Food Products and Laljee Godhoo and Company. The regulatory action follows findings that both companies failed to meet FSSAI quality standards. Authorities also flagged the firms for misleading labelling practices on their products. As a condition of the ban, both companies are required to submit corrective action plans to demonstrate future compliance with food safety regulations.

0
IndiaTimes of India ·

UP Teacher Accused of Raping Class 10 Student for Four Months, Remains at Large

A teacher in Uttar Pradesh has been accused of repeatedly raping a Class 10 student over a period of four months. The accused, reportedly the son of the school's manager, allegedly threatened to fail the student to coerce her. The case came to light after the victim attempted suicide following the circulation of an audio recording online. The accused is currently absconding, and authorities are investigating the matter.

0
IndiaNDTV ·

Punjab Influencer Dies After Two Months Following Brutal Attack

A Punjab-based social media influencer has died after a two-month battle following a brutal assault in which she was allegedly tied to a tree and burned. Police are investigating the case but have stated that the motive behind the attack has not yet been established. The victim was divorced and is survived by her seven-year-old son. Authorities continue to probe the circumstances surrounding the violent incident.

Union Bank to Contest NCLT Approval of Subhash Chandra's Insolvency Resolution Plan · ShortSingh