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Canara Bank, Union Bank, LIC Housing to challenge NCLT nod for Subhash Chandra’s ₹6.25 crore payout plan

AI Summary
  • ·Subhash Chandra stated that the actual lender claims are ₹3,992 crore, denying accusations of ₹22,000 crore personal debt.
  • ·Canara Bank, Union Bank, and LIC Housing Finance will challenge the NCLT's approval of a repayment plan.
  • ·The banks and LIC Housing Finance intend to file appeals against the NCLT's decision at the NCLAT.
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