Tag: Insolvency

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NCLT Sets Up Five-Member Bench to Reconsider Subhash Chandra’s ₹6.5-Crore Repayment Plan
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Tue, 1 Sep 26Tue, 1 Sep 26INDIA, POLITICS

NCLT Sets Up Five-Member Bench to Reconsider Subhash Chandra’s ₹6.5-Crore Repayment Plan

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The National Company Law Tribunal (NCLT) has constituted a five-member special bench to reconsider the repayment plan submitted by Zee Group founder Subhash Chandra in connection with his personal insolvency proceedings. The development follows differences among members of the earlier NCLT bench over the proposed resolution plan. The matter has also reached the National Company...

Bank of Baroda’s ₹5,700 Crore Settlement Ends High-Stakes NMC Health Dispute in Abu Dhabi
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Fri, 3 Jul 26Fri, 3 Jul 26BUSINESS, WORLD

Bank of Baroda’s ₹5,700 Crore Settlement Ends High-Stakes NMC Health Dispute in Abu Dhabi

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Bank of Baroda has reached a significant milestone in resolving one of the most complex international banking disputes in recent years by agreeing to pay approximately ₹5,700 crore to settle legal claims related to the collapse of NMC Health in Abu Dhabi. The settlement brings closure to a long-running financial dispute that involved several international...