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Subhash Chandra Case Not a Haircut, Not Even Mundan: The Law Did ೩ Exactly What It Was Written To Do KESHAVSPEAKS SUBSTACKCOM Keshav Speaks NCLT ADMITTED CLAIMS 722,006. PAYOUT .57 २६.5 CRORE CRORE HOW THE LAW WAS FOLLOWED] LOOPHOLES AND ALL NOT A CREDITORS 106(4)(a) SUBHASH HAIRCUT OTJUST 107(1) MUNDAN CHANDRA 0.028% A 112 Ramesh Jairam RESOLUTION PLAN 114 IDIPIROVIZDD

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$SOURCES SAY GOVT SOURCES The insolvency proceeding is against Chandra as personal guarantor not against the principal 0 corporate borrowers The proceeding arose after Chandra provided a personal guarantee fora Vivek Infracon loan from Indiobulls. Following defqult, insolvency proceedings were initioted ogoinst him The reported 99.97% hdircut is not q 99.97% loss on 222,000 cr of bank loans. It reflects the reduction| in claims recoverable from Chandra personally The approved repayment from Chandra' s personal estateis around86.25 cr The principal borrowers remain separatelyliable 31 RISE @etnowlive Follow us on WI NOW INDIA ETNOW IN$

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