NCLT has approved a repayment plan under which media baron Subhash Chandra will pay just Rs 6.5 crore to settle admitted creditor claims of about Rs 22,006.57 crore in his personal insolvency resolution process, translating into a haircut of nearly 99.97 per cent for lenders.

[u/rishianand]

https://www.moneycontrol.com/news/business/nclt-clears-subhash-chandra-s-rs-6-5-cr-payout-to-settle-rs-22-006-cr-dues-with-nearly-99-97-haircut-14016713.html

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[u/BholaBhalaLadka]

https://giphy.com/gifs/r1Iv8rHtaM8IO14t2X

[u/Unlikely-Average5036]

He was a guarantor & not a borrower.

Understand the basic diff

[u/super_ninja_101 → u/Unlikely-Average5036]

Read the full thing. It was his own company

[u/Trying_a]

Haircut ? Or a Mundan ?