HDFC Bank, LIC Housing, and Union Bank challenge Subhash Chandra repayment plan

HDFC Bank, LIC Housing Finance, and Union Bank of India are moving to challenge the NCLT's approval of Zee founder Subhash Chandra's repayment plan, which cleared with 80.81% creditor backing despite opposition from major lenders. Insurtech builders should track how creditor disputes reshape insolvency outcomes; fragmented creditor bases (banks, insurance companies, retail) create friction that digital coordination platforms could arbitrage.

Source: ET BFSI ↗