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The Economic Times
The Economic Times
Business

Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT order

New Delhi: Dissenting lenders of Subhash Chandra on Monday moved before the insolvency appellate tribunal NCLAT, challenging the NCLT order that approved a Rs 6.5 crore payment by the Essel Group chairman over creditor claims of about Rs 22,006.57 crore in his personal insolvency resolution process.

Solicitor General Tushar Mehta, appearing for LIC Housing Finance, mentioned it in the morning before an NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna, and sought an urgent hearing in the second half of the day.

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