FOUND: 2 | Mind Blowing Facts

'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payout

The NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drastic resolution indicates a staggering 99.97 percent loss for the lenders. Congress has denounced this move as a travesty of the Insolvency and Bankruptcy Code. Despite dissent…

The Economic Times · Aug 27

'Indian debt resolution justice," Vijay Mallya alleges denial of justice, raises debt resolution questions

In December 2025, Mallya had questioned the Central government and public sector banks over what he described as inconsistent statements on the amounts recovered from him, and demanded the appointment of a retired judge to investigate the matter.

The Economic Times · Aug 27

Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra plan

The insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore claims. This represents a nearly 99.97 per cent haircut for the financial institutions. The tribunal rejected objections from dissenting creditors regarding the meagre payout. The approved plan is now binding…

The Economic Times · Aug 26

Subhash Chandra apologises to Rhea Chakraborty for making her ‘an accused’ in Sushant Rajput case

Zee founder Subhash Chandra Goenka on Friday apologised to actor Rhea Chakraborty for making her “an accused” in the Sushant Singh Rajput death case, days after the Central Bureau of Investigation absolved her of all allegations.  

Newslaundry · Mar 29, 2025

Subhash Chandra’s press freedom speech: What’s cooking at Zee?

Zee founder Subhash Chandra has said that “it’s unfortunate that India ranks 159 among 180 countries in press freedom” and that he feels similar to how he did 33 years ago when a central bureaucrat told him that he could surrender his network to the government over his “dead body”.

Newslaundry · May 6, 2024

Sebi uncovers $241 million accounting issue at Zee

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about 20 billion rupees ($241 million) may have been diverted from the company, said people familiar with the matter who did not want to be identified as the information is…

The Times of India · Feb 21, 2024

‘Can’t confirm or deny’: Zee on Subhash Chandra’s stake hike remarks

Days after a media report quoted Zee Entertainment Enterprises Ltd founder Subhash Chandra on plans to hike the Zee promoter family’s stake in the firm, the company has reportedly told the Bombay Stock Exchange that the remarks do not represent any proposal considered by the board.

Newslaundry · Jan 31, 2024

‘Sony’s criminal design to start merger and withdraw’: Subhash Chandra

“I can prove it was Sony’s criminal design to start the merger process and then withdraw,” Zee Entertainment Enterprises chairman emeritus Subhash Chandra has told The Economic Times in an interview.

Newslaundry · Jan 29, 2024

ED raids Subhash Chandra-owned Essel Group’s Mumbai office: Report

The Enforcement Directorate has conducted searches at Essel Group’s Mumbai office, which also serves as the office premises for Zee Media, ET Now reported, citing sources.

Newslaundry · Jan 25, 2024

Days before Sony called off Zee merger, Chandra wrote to Sitharaman questioning SEBI intent

Nearly a week before Sony Pictures Entertainment announced that it had called off its merger with Zee Entertainment Enterprises Ltd, ZEEL promoter Subhash Chandra reportedly wrote to Finance Minister Nirmala Sitharaman while accusing SEBI of operating with a motive to sabotage the deal.

Newslaundry · Jan 24, 2024