Zee Group founder Subhash Chandra has said he plans to take up a professional role with investment firms in Switzerland, days after the National Company Law Tribunal (NCLT) approved a repayment plan in his personal insolvency case under which creditors will recover only a fraction of the Rs 22,006.57 crore they had claimed.
In a video statement posted on Thursday, the 75-year-old businessman said he was left with Rs 6.5 crore after the settlement, which he said will go toward the approved repayment plan. "Today I'm talking in a very simple way. I am not talking about a person who has lost everything. The last Rs 6.5 crore I have left with will have to pay according to the plan. I have a small residential house, which I have given on rent, and I am running my expenses with that income. I have no regrets. I will earn again. I am a pioneer. I know how to do good and new things. I will continue to do so," Chandra said in the video.
