1. Subhash Chandra says borrowers will settle ₹4,262 crore linked to his guarantees

Subhash Chandra says borrowers will settle ₹4,262 crore linked to his guarantees

India

  • Zee founder Subhash Chandra said borrowers linked to his personal guarantees assured him they will settle Rs 4,262 crore.
  • His office said his personal borrowing was zero, but he had signed guarantees worth Rs 22,000 crore for others.
  • The clarification came amid #PaiseVapasKaro posts, which Chandra called a wrong perception of the matter.
  • He said his liquid assets were just Rs 6.79 crore, urging lenders to recover dues directly from borrowers.

Source: wionews.com

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