Mumbai, Aug. 31 -- The National Company Law Appellate Tribunal (NCLAT) on Monday agreed to hear an urgent plea by several creditors challenging the National Company Law Tribunal (NCLT) Delhi bench's approval of Zee Group founder Subhash Chandra's repayment plan.

Solicitor General Tushar Mehta, appearing for the creditors, urged the appellate tribunal to take up the matter urgently. The NCLAT agreed to hear the challenge on Tuesday at 10:30 am.

"There are two or three important questions to which are decided you know and if those findings are correct then my lord, possibly we will be having complete loss of intent and purpose of IBC" said Mehta, who was mentioning the matter virtually.

The challenge comes days after the NCLT approved Ch...