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    "headline": "NCLT Forms 5-Member Bench to Decide Subhash Chandra Insolvency Case",
    "dek": "NCLT constituted a five-member bench to review Subhash Chandra's disputed ₹6.25 crore repayment plan.",
    "prose": "Subhash Chandra's proposed repayment plan involves paying ₹6.25 crore to creditors against admitted claims of ₹22,006.57 crore. [^1]\n\nThe National Company Law Tribunal (NCLT) has constituted a five-member bench to decide the personal insolvency case against Zee Group founder Subhash Chandra after a two-member bench failed to reach a majority opinion on his repayment plan. [^2]\n\nCreditors, including HDFC Bank and LIC Housing Finance, have challenged the repayment plan, arguing that it underrepresents the recoverable amount and raises concerns over the voting process involving related entities. [^3]\n\nThe bench stated that there was no clear majority view on the repayment plan as per Section 419(5) of the Companies Act, 2013. [^4]\n\nThe five-member special bench headed by Anupinder Singh Grewal stayed the order and restrained Subhash Chandra from alienating his assets directly or indirectly. [^5]\n\nDissenting lenders have challenged the repayment plan at the National Company Law Appellate Tribunal (NCLAT), where the solicitor general sought time to decide on the appeal. [^6]",
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      "statement": "Subhash Chandra's proposed repayment plan involves paying ₹6.25 crore to creditors against admitted claims of ₹22,006.57 crore.",
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      "statement": "The National Company Law Tribunal (NCLT) has constituted a five-member bench to decide the personal insolvency case against Zee Group founder Subhash Chandra after a two-member bench failed to reach a majority opinion on his repayment plan.",
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