New Delhi, Sept. 2 -- The National Company Law Appellate Tribunal (NCLAT) on Wednesday kept pending an appeal filed by dissenting lenders challenging the approval of Zee Group founder Subhash Chandra's repayment plan after being informed that a newly constituted five-member bench of the National Company Law Tribunal (NCLT) had stayed the order approving the plan and would hear the matter afresh.

Solicitor General Tushar Mehta, appearing for the dissenting creditors, including LIC Housing Finance, Canara Bank and Union Bank, apprised the appellate tribunal about the latest developments before the NCLT. Mehta informed the NCLAT that the five-member Special Bench of the NCLT had stayed the August 25 order passed by the third member approvin...