The National Company Law Tribunal (NCLT) has constituted a five-member bench to hear the insolvency case involving Subhash Chandra. A new hearing is scheduled for Tuesday, September 1, at 10:15 a.m., according to reporting from multiple outlets.
Both sources describe the tribunal’s move as linked to a need to re-hear the matter, with NDTV noting that a prior 2:1 majority ruling on the repayment plan was not achieved. Business Line adds that the scheduled hearing also takes place amid challenges raised by creditors. In this process, three creditors are reported to be contesting aspects of the case, and the tribunal is set to hear arguments during the Sept 1 proceedings. Separately, Business Line also notes that the NCLAT (National Company Law Appellate Tribunal) is scheduled to hear the matter on the same date, reflecting the case’s continued movement through insolvency and appellate forums.
