NCLT stays Chandra's Rs 6.5 crore repayment plan, bars asset sale

A five-member bench of the National Company Law Tribunal on Tuesday, September 1, 2026, stayed an earlier order that had approved a repayment plan for Essel Group founder Subhash Chandra, effectively blocking the settlement that would have allowed him to resolve personal guarantee liabilities of approximately Rs 22,006 crore with a payment of about Rs 6.5 crore. The bench also barred Chandra from selling or transferring any of his properties during the ongoing proceedings.