Delhi Hospital Fire: 7 Newborns Killed In Vivek Vihar Fire, Rescue Operation Underway @indianexpress

Updated September 2026, 4 days ago

Delhi Hospital Fire: 7 Newborns Killed In Vivek Vihar Fire, Rescue Operation Underway

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$How ₹22,000 Crore Became a ₹6.25 Crore Debt Settlement | Indian Express Special What happens when a personal guarantee worth ₹22,000 crore ends in a repayment plan of just ₹6.25 crore? In this episode of The Indian Express, Sayoni Aiyar examines the controversial personal insolvency case of Essel Group founder Subhash Chandra, after the National Company Law Tribunal (NCLT) approved a repayment plan that offers creditors a recovery of a tiny fraction of the liabilities linked to his personal guarantees. The decision has triggered strong objections from lenders, with HDFC Bank exploring an appeal before the NCLAT and LIC Housing Finance highlighting its recovery of just ₹38.09 lakh against an exposure of ₹1,322.39 crore. At the heart of the controversy is a fundamental question: How much is a promoters personal guarantee actually worth when the promised wealth isnt legally available to creditors? The case also raises questions over the voting process, the role of promoter-linked entities, Section 79 of the Insolvency and Bankruptcy Code, and whether corporate structures can create loopholes around related-party voting restrictions. We also examine Subhash Chandras defence, his claimed personal assets, the broader regulatory action by SEBI against Chandra and Punit Goenka, and Vijay Mallyas reaction to the controversy. ₹22,000 crore promised. ₹6.25 crore offered. More than 99.9% haircut. Is this a pragmatic recovery—or a catastrophe for creditors? Watch the full analysis. #SubhashChandra #EsselGroup #Insolvency #IBC #IndianEconomy #IndianExpress The Indian Express brings you comprehensive coverage of global & indian politics, election news, business news, world affairs, sports, entertainment, Bollywood, and public policy. Go beyond the headlines with exclusive interviews, explainers, ground reports, editorials, opinion, and expert analysis that help you understand the stories shaping India and the world. With accurate, fact-based reporting backed by over 90 years of credible journalism, The Indian Express brings context and clarity to the issues that matter. Subscribe to The Indian Express for in-depth news, India news, live updates, business news, political analysis, world news, and insightful conversations that keep you connected with the stories shaping our times. You can search us on YouTube by: @indianexpress, indian express, indian express newspaper today,indian express newspaper,indian express editorial analysis,indian express analysis,indian express analysis today,indian express,indian express news,the indian express newspaper analysis,the indian express,the indian express newspaper analysis today,the indian express editorial analysis,the indian express newspaper. Stay Tuned To Indian Express For More Updates: https://indianexpress.com/ Watch Out Our Top Shows: 🡆 Express Investigation - https://www.youtube.com/playlist?list=PLrDg7LoYgk9xED9iRQoNTlu7kOSJlWG0n 🡆 Idea Exchange - https://www.youtube.com/playlist?list=PLrDg7LoYgk9ynl0AV6aFFIvCU-y7sHsbr 🡆 POV - https://www.youtube.com/playlist?list=PLrDg7LoYgk9w_PqY2r5T4cQn9B3RNQoU_ 🡆 Indian Express Explained - https://www.youtube.com/playlist?list=PLrDg7LoYgk9y8Wm50M57nutw5usWUkb-k 🡆 Express Adda- https://www.youtube.com/playlist?list=PLrDg7LoYgk9x48oRvznNl5PYGQ3yg1Lwz 🡆 News Analysis By Neeta Sharma- https://www.youtube.com/playlist?list=PLrDg7LoYgk9z6xD8CJ1WuXVyAM9DrQKpu 🡆 UPSC Essentials- https://www.youtube.com/watch?v=TuhtH8j4stw&list=PLrDg7LoYgk9wBTnLuSQmbj1_6U1K6IOYI #LatestNews #BreakingNews #EnglishNews Subscribe to our Channel: The Indian Express: http://goo.gl/RjJrX0 Connect with us: Facebook: https://www.facebook.com/indianexpress Twitter: https://twitter.com/indianexpress Indian Express App: http://indianexpress.com/apps/ Official Website: https://indianexpress.com/$

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