New Delhi, Sept. 2 -- A five-member bench of the National Company Law Tribunal (NCLT) on 1 September stayed the operation of the 25 August verdict by a smaller bench of the tribunal in the personal insolvency case against Zee Group founder Subhash Chandra.

The Bench, which comprised President Justice (retd) Anupinder Singh Grewal, Judicial Members Bachu Venkat Balaram Das and Mahendra Khandelwal, and Technical Members Atul Chaturvedi and Ravindra Chaturvedi, said today that no clear majority view exists with respect to the previous verdict, legal news website Bar and Bench reported.

The dispute concerns a repayment plan proposed by Zee Group founder Subhash Chandra in personal insolvency proceedings initiated by Indiabulls Housing Finan...