New Delhi, Sept. 2 -- Zee Group founder Subhash Chandra on Wednesday opposed the National Company Law Tribunal (NCLT)'s decision to constitute a five-member bench to hear his personal insolvency case afresh, questioning the legal basis for expanding the bench after three members gave differing views on his repayment plan.

Chandra's counsel argued that Section 419(5) of the Companies Act, which deals with differences of opinion among tribunal members, did not give the NCLT the power to constitute a five-member bench.

"The scope of Section 419(5) is very limited. It does not give power to the NCLT under the IBC or company law to form a five-member bench", Chandra's counsel argued.

Chandra's counsel also opposed the move to hear the entir...