Subhash Chandra moves NCLAT against NCLT order restraining alienation of assets
New Delhi, Sept. 23 -- Zee Group founder Subhash Chandra has approached the National Company Law Appellate Tribunal (NCLAT) challenging the September 1 order of a five-member special bench of the National Company Law Tribunal (NCLT), which restrained him from alienating his assets.
A bench comprising Officiating Chairperson Justice (retd) Yogesh Khanna and Technical Members Barun Mitra and Ajai Das Mehrotra took up Chandra's appeal and directed him to serve copies of the petition on the creditors. The matter has been posted for September 29.
Senior Advocate Dhruv Mehta, appearing for Chandra, told the NCLAT that the appeal challenges the order passed by the special five-member NCLT bench on September 1.
During the hearing, several cred...
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