GS-4INSOLVENCY ETHICS & CREDITOR ACCOUNTABILITY
₹22,006 Crore Owed. ₹6.5 Crore Paid. A Majority Vote Made It Legal.
The NCLT excluded unverified claims filed on behalf of 1,260 individuals from Haryana, Chandra's native region, admitted without due diligence by the Resolution Professional. Dissenting creditors point to a net worth certificate showing Chandra's assets at ₹45,888 crore in 2017 and ₹40,562 crore in 2018, questioning how the estate is now said to be worth barely enough to cover process costs. Canara Bank objected that the…
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