Group Entities to Reconcile, Settle Dues with Lenders: Essel Chairman

Zee Entertainment share price crashes over 14%- Here's why

Zee shares are witnessing a heavy selloff after Canara Bank, Union Bank of India, and LIC Housing Finance said they will challenge the NCLT order approving a repayment plan proposed by Essel Group founder Subhash Chandra.

Subhash Chandra says borrowers assure settlement of Rs 4,262 crore

HDFC Bank has Rs 775 crore outstanding, while LIC Housing has the highest dues at Rs 1,322 crore

Group entities to reconcile, settle dues with lenders: Essel Chairman

Subhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlighted that his personal debt stands at zero, backed by ₹22,000 crore in personal guarantees. The repayment strategy involves Chandra committing ₹6.25 crore from his own resources, while other entities cover ₹1,494 crore. Although most amounts have been repaid, some lenders are challenging the NCLT-approved pla…

Zee Founder Chandra Says Rs 4,262 Crore Loan Dues To Be Settled After Reconciliation

Chandra says borrowers assured settlement after reconciliation; lenders move to challenge Rs 6.5-crore plan.

Subhash Chandra raises questions over HDFC claims; seeks reconciliation of ₹4,262 crore dues

Subhash Chandra questions HDFC's claims of ₹4,262 crore dues, seeking reconciliation amid social media backlash with #PaiseVapasKaro.

Borrowers will settle Rs 4,262 crore in claims: Subhash Chandra

A key clarification in the statement is that Chandra says his personal borrowing was zero, while he had signed personal guarantees totalling Rs 22,000 crore.