Subhash Chandra questions validity of 'faulty & wrong' NCLT order

Chandra alleged the tribunal did not have the power to constitute a five-member special benchNEW DELHI: A day after NCLT barred him from alienating any of his property and stayed its order allowing him to settle his personal insolvency proceedings by paying around Rs 6.3 crore as against admitted claims of Rs 22,006.5 crore, Zee Group founder Subhash Chandra questioned the validity of the order before NCLAT. He alleged the tribunal did not have the power to constitute a five-member special bench, as was done to decide his case.Senior advocate Sasmit Patra, appearing for Chandra, submitted before an NCLAT bench of officiating chairperson Justice Yogesh Khanna and technical members Barun Mitra and Ajai Das Mehrotra that the order was "faulty and wrong"."The scope of Section 419(5) is very li