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The Latest Breaking News from Nilesh Sharma

Subhash Chandra case: CBI lodges FIR against Essel Group chairman, others in Rs 1,322 cr fraud

The CBI registered an FIR against Essel Group chairman Subhash Chandra for alleged fraud. This action follows his opposition to a tribunal bench hearing his insolvency case. A special NCLT bench stayed approval of a repayment plan, noting a lack of clear majority. Chandra's personal insolvency process revealed a significant…

The Economic Times

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

Dissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan proposes a Rs 6.5 crore payment against creditor claims. Lenders argued that five entities linked to Chandra's family improperly influenced the voting process. The NCLT approved the plan after a third member…

The Economic Times

Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency plan

Dissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve his personal insolvency plan. The plan proposes paying ₹6.5 crore against admitted creditor claims of about ₹22,006.57 crore, though Chandra disputes that claim amount.

The Economic Times

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Zee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut row

Subhash Chandra has said Rs 6.5 crore remains with him and that he will have to pay the amount under the insolvency plan, while rental income from a partly leased residential property covers his expenses. His remarks come after the NCLT approved a Rs 6.25-crore repayment plan against admitted creditor…

The Economic Times

How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 crore

The NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders find this payout unviable, while government sources call the haircut figure misleading. Chandra disputes the total claim amount against him, stating it is lower. Creditors retain rights against principal…

The Economic Times

HDFC Bank mulls NCLAT appeal over Subhash Chandra insolvency order

HDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent haircut for lenders. HDFC Bank's claim of Rs 680 crore saw only 3.2 percent admitted. Lenders faced negligible recovery against over Rs 22,000 crore in admitted claims. The…

The Economic Times

Journalist Nilesh Sharma arrested in Chhattisgarh for ‘spreading rumours on govt officials’

Journalist Nilesh Sharma was arrested from Chhattisgarh’s Bilaspur district on Sunday for allegedly “spreading rumours on WhatsApp” about government and judiciary officers. Sharma is the editor of web portal and magazine India Writers.

Newslaundry

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Coach dies in road accident on way to National Games, boxer Nikhil Dubey wants to win gold for him

GANDHINAGAR: After winning his quarterfinal bout at the National Games on Monday, Maharashtra boxer Nikhil Dubey rushed back to dial his long-time Mumbai-based coach Dhananjay Tiwari. Excited to watch him compete in the semifinal bout, Tiwari prepared himself for a bike ride from Mumbai to Gandhinagar, but fate had something…

The Times of India

Is it harder to do journalism under Congress than BJP in Chhattisgarh?

Kirgapati is a village 12 kilometres outside the town of Kanker in Chhattisgarh. It is cut off from its neighbouring hamlets by a brook that gushes through the emerald green landscape during the monsoon. In 2012, the bridge on the brook fell apart. Since then, every year, Kirgapati’s Adivasi residents…

Newslaundry

After FIR on his 'satirical' writing, Chhattisgarh journalist faces charges of 'prostitution'

On Monday, the Raipur police added charges related to the IT Act and the prevention of immoral trafficking law against a journalist who was arrested last week for "spreading fake news" about "Congress leaders", the Indian Express reported.

Newslaundry

Chhattisgarh journalist arrested for ‘spreading fake news’ about ‘Congress leaders’

Nilesh Sharma, a journalist and “political satirist” from Chhattisgarh’s Raipur, has been arrested by the police on charges of “spreading fake news” against Congress leaders, Hindustan Times reported. This came after one Khilawan Nishad, who calls himself a Congress worker, filed a complaint against the journalist accusing him and his…

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