5-member NCLT bench to hear Indiabulls plea against Chandra

A five-member bench is set to examine the plea from Indiabulls Housing Finance against Subhash Chandra. This review follows the NCLAT's validation of a Rs 6.5 crore payment order. Solicitor General Tushar Mehta contends that this ruling undermines the principles of the Insolvency & Bankruptcy Code. The NCLT delivered a

A Division Bench had failed to reach a majority verdict in a personal insolvency case involving claims of more than ₹22,000 crore