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NCLT Special Bench Held That Requisite Approval Of CoC Does Not Bind The Adjudicating Authority To Approve The Resolution Plan
The NCLT, New Delhi (Special Bench) vide order dated 25.08.2026 in Indiabulls Housing Finance Limited vs. Dr. Subash Chandra approved the repayment plan of INR 6.50 Crores submitted by the Personal Guarantor as against admitted claims of approximately INR 22,006.57 Crores.
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