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VERIFIEDET Finance·negative
Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT order
AI Summary
- ·Canara Bank and Union Bank have appealed an NCLT order approving Subhash Chandra's personal insolvency plan at the NCLAT.
- ·The plan proposes a payment of Rs 6.5 crore against creditor claims.
- ·Lenders allege that five entities linked to Chandra's family improperly influenced the voting process.