HDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent haircut for lenders. HDFC Bank’s claim of Rs 680 crore saw only 3.2 percent admitted. Lenders faced negligible recovery against over Rs 22,000 crore in admitted claims. The NCLT rejected objections, citing the debtor’s estate value and potential future recovery.
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