New Delhi, Sept. 1 -- In a setback for Zee Group founder Subhash Chandra, the National Company Law Tribunal's (NCLT) five-member special bench on Tuesday stayed an earlier order approving his Rs.6.5 crore repayment plan.

The special bench clarified that the earlier opinion of the third member, Nilesh Sharma, cannot be given effect as it did not constitute a majority view of the tribunal.

The NCLT issued notices to the parties involved and sought their replies. The bench said it would hear all parties at length before taking a final decision on the repayment plan. The outcome will determine the future of Chandra's proposal, which was approved last week.

The special bench was constituted by NCLT president Justice Anupinder Singh Grewal o...