NCLT stays order on 99.97% debt haircut to Subhash Chandra

NCLT stays order on 99.97% debt haircut to Subhash Chandra — The National Company Law Tribunal has paused its earlier decision that granted Subhash Chandra a 99.97% debt waiver in a bankruptcy resolution case. This stay brings uncertainty back into the restructuring process of the promoter-led entity. The case has implications for Zee Entertainment's corporate governance and promoter stability.

📊 STOCKS: ZEEL | 🏢 SECTOR: Media | #MEDIUMIMPACT #NCLT