Subhash Chandra To Take Up Job In Switzerland After Rs 22,006-Crore Debt Cut

As chairman of Essel Group, Subhash Chandra's business empire stretches from media to infrastructure to amusement parks. In his video statement, the 75-year-old businessman talked about his next professional move -- a job in Switzerland.

The insolvency tribunal NCLT has approved a repayment plan under which the media baron will pay just ₹6.5 crore to settle admitted creditor claims of about ₹22,006.57 crore in his personal insolvency resolution process, translating into a haircut of nearly 99.97% for lenders