2 days ago
Subhash Chandra Responds to NCLT Personal Insolvency Proceedings
Subhash Chandra is involved in a personal insolvency case before the National Company Law Tribunal.
He said he did not directly borrow the money being discussed.
However, he said he had guaranteed some borrowings personally.
Creditors have submitted claims in the proceedings.
A repayment plan was also prepared.
Chandra said the plan considered the assets and money available to him.
He also discussed amounts disbursed, repayments by borrowers, and unpaid claims.
His statement came after social media posts about the issue, including posts using #PaiseVapasKaro.
Subhash Chandra said he did not personally borrow the funds involved.
He stated that he provided personal guarantees for certain borrowings.
His statement addressed creditor claims and a repayment plan prepared during the proceedings.
Chandra said the plan was based on his available assets and funds.
The statement followed social media posts about the case, including #PaiseVapasKaro.
- Who
- Subhash Chandra, creditors, and borrowers involved in the insolvency proceedings.
- What
- Chandra issued a statement about claims, personal guarantees, and a repayment plan in an NCLT personal insolvency case.
- Where
- The proceedings were before the National Company Law Tribunal; no specific location was stated.
- When
- The statement came after social media posts about the matter.
- Why
- The statement addressed social media discussion and presented Chandra’s position on the insolvency proceedings.
Key facts
- Person
- Subhash Chandra
- Proceeding
- Personal insolvency case
- Tribunal
- National Company Law Tribunal (NCLT)
- Borrowing position
- Chandra said he did not personally borrow the funds in question.
- Guarantees
- He said he provided personal guarantees for certain borrowings.
- Repayment plan
- The plan was prepared after assessing his available assets and funds.
- Public reaction
- Social media posts included the hashtag #PaiseVapasKaro.
Sources
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