NCLT forms 5-member special bench to decide Zee founder Subhash Chandra’s Rs 22,006-crore repayment plan

The NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three tribunal members delivered differing views. The plan involves ₹1,494 crore from principal borrowers and ₹6.25 crore from Chandra, who guaranteed ₹22,006 crore in Essel Group borrowings. Dissenting lenders oppose it.

IPO Rush: India Inc may raise up to Rs 25,000 crore in September

India’s primary market anticipates a strong September with IPOs worth twenty to twenty-five thousand crore. Nearly twenty-five companies are preparing to launch offerings before their approvals expire. This surge reflects improved issuer sentiment after a cautious first half of the year. Companies are capitalizing on better market conditions and recent successful listings. This activity aims…