Mumbai, Aug. 28 -- Indiabulls Housing Finance Ltd, now known as Samaan Capital, has decided not to challenge the National Company Law Tribunal (NCLT)'s approval of Zee group founder and chairman emeritus Subhash Chandra's repayment plan.

Replying to queries emailed by Mint, Samaan Capital said the facilities extended to various entities related to Chandra were "secured in nature", and added that the housing finance company, through its enforcement and recovery measures, had collected an amount exceeding the amount originally disbursed.

". the Company has, through proactive enforcement and recovery measures including sale of pledged shares, actions under SARFAESI, recovered an aggregate amount materially exceeding the amount originally d...