Subhash Chandra clarifies on ₹6.5 crore settlement against dues
Zee founder Subhash Chandra has issued a response following the NCLT's approval for him to settle liabilities of ₹22,000 crore by paying ₹6.5 crore. Chandra stated that he did not borrow these funds himself. He explained that he acted as a personal guarantor for loans totaling ₹3,992 crore, rather than the ₹22,000 crore figure mentioned. He noted that he agreed to provide these guarantees after lenders made emotional pleas, claiming that doing so would prevent job losses for employees.
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