Canara Bank, Union Bank of India (UK) Ltd and LIC Housing Finance Ltd will challenge the National Company Law Tribunal’s (NCLT) approval of a repayment plan submitted by Dr Subhash Chandra in a personal insolvency case filed by Indiabulls Housing Finance Ltd.
The three public sector lenders had opposed and voted against the repayment plan, which was submitted for ₹6.25 crore, according to statements issued by the banks.
