New Delhi, Aug. 27 -- Essel group chairman, Subhash Chandra on Thursday said reports surrounding his personal insolvency proceedings before the National Company Law Tribunal (NCLT) have presented an incorrect picture of the claims against him, stressing that he was only a personal guarantor and had not personally borrowed money from any lender.

In a statement issued from his office, the Chairman of Essel group, which owns Zee Media, said the total claims in the insolvency proceedings should not be equated with the current amount outstanding. He said while claims filed in the proceedings totalled about Rs 22,006 crore, of which Rs 21,696 crore were admitted, the claims of lenders that have objected to his repayment plan stood at Rs 3,992 ...