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VERIFIEDET Finance·neutral
HDFC Bank, LIC Housing Finance to contest Zee resolution
AI Summary
- ·HDFC Bank and LIC Housing Finance will contest the NCLT ruling regarding the Zee Group debt settlement.
- ·The approved plan involves a partial payment from Subhash Chandra in his capacity as guarantor.
- ·Multiple lenders had previously opposed the repayment plan, which was ultimately approved by a majority.