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The Economic Times

Politics

'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payout

Subhash Chandra NCLT

The Congress on Thursday took a swipe over the insolvency tribunal NCLT clearing businessman Subhash Chandra's Rs 6.5 crore payout to settle Rs 22,006 crore dues, saying this is not just a haircut but a "mundan" that makes a "complete mockery" of the Insolvency and Bankruptcy Code, 2016.

There was no immediate reaction from Chandra or his group.

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