How Subhash Chandra’s Rs 6.25-crore resolution proposal sailed through
The National Company Law Tribunal approved Subhash Chandra's proposal to repay ₹6.25 crore to creditors after a majority supported it. However, banks claim that five entities linked to Chandra controlled 61.78% of the votes in favor, while opposing banks received only 19.186%. The total admitted claims were approximately ₹22,006.57 crore, raising concerns about the legitimacy of the vote.