Indiabulls' Plea Against Chandra Tests Insolvency Code's Teeth The National Company Law Tribunal (NCLT) has constituted a five member bench to hear Indiabulls Housing Finance's insolvency plea against Subhash Chandra, sending shockwaves through the corporate world.
This move comes at a time when the NCLAT is reviewing an NCLT order approving a Rs 6.
5 crore payment by the Essel Group chairman over creditor claims of about Rs 22,007 crore in his personal insolvency resolution process.