Archive · 29 Aug 2026
Subhash Chandra’s 99.97% Haircut Leaves Creditors Major Shortfall
Creditors are people or organizations waiting to get money back.
The claims connected to Subhash Chandra total Rs 22,006 crore.
They would recover only about 0.03% of that amount.
This means about 99.97% would remain unpaid.
The loans were not borrowed directly by Chandra.
Instead, corporate entities took the loans.
Chandra personally guaranteed those loans.
The situation is therefore being discussed in his role as a personal guarantor.
Creditors would recover only about 0.03% of the admitted claims.
The resulting shortfall is roughly 99.97% of the admitted claims.
The admitted claims total Rs 22,006 crore.
Subhash Chandra was a personal guarantor rather than the direct borrower.
The underlying loans were taken by corporate entities backed by Chandra’s personal guarantees.
- Who
- Subhash Chandra, creditors, and the corporate entities that took the loans.
- What
- Creditors would recover about 0.03% of Rs 22,006 crore in admitted claims, leaving a roughly 99.97% shortfall.
- Why
- The claims relate to loans taken by corporate entities for which Chandra provided personal guarantees, rather than loans borrowed directly by him.
- Admitted claims
- Rs 22,006 crore
- Expected recovery
- About 0.03% of admitted claims
- Estimated shortfall
- Roughly 99.97%
- Chandra’s role
- Personal guarantor
- Direct borrower
- Corporate entities
- Creditors’ position
- They would recover only a very small portion of the admitted claims