27-Aug-2026 17:48:45
LICHSGFINGeneral news
LICHFL HFL CLARIFIES NCLT ORDER ON INSOLVENCY PROCEEDINGS OF DR. SUBHASH CHANDRA
• NCLT approves repayment plan for personal guarantor Dr. Subhash Chandra. • LICHFL has an admitted claim of ₹1,322.39 crore in the proceedings. • Repayment plan provides for payment of ₹38.09 lakh to LICHFL. • Order pertains to personal guarantor's insolvency and does not impact corporate liabilities of principal borrower entities. Impact: Clarification on insolvency proceedings and its impact on corporate liabilities.
LIC Housing Finance Limited
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