An NCLT five-member bench stays approval of Subhash Chandra’s ₹6.25-crore repayment plan. The order keeps the plan from being implemented while the proceedings continue, and it also imposes restrictions on actions relating to his assets.
The bench directs Subhash Chandra not to dispose of any property during the pendency of the case. Both outlets report that this includes not disposing of assets directly or indirectly, indicating that the restriction is broad and is intended to preserve the asset position until the NCLT reaches a further decision.
Business Line and The Hindu both describe the order as a stay by the NCLT, though they differ slightly in emphasis—one refers to a larger NCLT bench and the other highlights the five-member special bench. The shared core outcome is that the repayment plan is on hold and asset disposal is barred until the NCLT’s next hearing or final ruling.
