HDFC looks to appeal 99.97% haircut on claims against Zee’s Chandra
HDFC Bank plans to appeal a 99.97% haircut on claims against Zee Entertainment's CEO, Punit Goenka. Creditors, holding 80.8% of claims, argue a Rs. 6.5-crore plan is preferable to bankruptcy, as Goenka's net worth is only Rs. 31.8 crore, mostly tied to a mortgaged house. The appeal process is expected to unfold in the coming weeks.