New Delhi, Sept. 1 -- The legal battle over Zee Group founder Subhash Chandra's personal insolvency proceedings took a fresh turn on Tuesday after the newly constituted five-member bench of the National Company Law Tribunal (NCLT) stayed the operation of the August 25 order approving his Rs 6.25-crore repayment plan against admitted creditor claims of Rs 22,006.57 crore.

The five-member bench, headed by NCLT President Justice (retd) Anupinder Singh Grewal, also directed that the guarantor shall not sell, transfer, alienate, encumber or otherwise deal with his properties, either directly or indirectly, during the pendency of the proceedings.

The bench issued notices to all parties, including Chandra, and sought their replies. It further ...