In a significant development, the NCLT has paused Zee founder Subhash Chandra's proposal to pay back ₹6.5 crore toward a total debt of ₹22,000 crore. A five-member bench of the tribunal is set to review the plan again, noting that the previous three-member panel could not arrive at a unanimous decision. Additionally, the NCLT has prohibited Chandra from selling or transferring any of his assets, either directly or indirectly, until the case is resolved.
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