The NCLT has halted the ₹6.5-crore repayment scheme proposed by Zee founder Subhash Chandra to address his ₹22,000-crore debt. The special bench noted that the approval given by the tie-breaker judge did not represent a majority decision or a final ruling, and therefore cannot be implemented. Justice Anupinder Singh Grewal, the President of the tribunal, stated that they intend to review the case's reach and listen to all involved sides, including the creditors who are against the plan.

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2 hours ago