India, Sept. 2 -- A five-member special bench the National Company Law Tribunal (NCLT) on Tuesday barred Essel Group chairman Subhash Chandra from alienating his properties and issued notices to all parties in a case over a proposed settlement that would allow creditors to recover just about Rs 6.5 crore from his personal eState against claims of roughly Rs 22,006 crore.

The special bench of the NCLT, headed by President Justice Anupinder Singh Grewal, said there was no majority view among its members and therefore, no final order could yet be given effect to.

The bench issued notice to all parties involved and directed that the guarantor "shall not alienate the properties, either directly or indirectly".

Justice Grewal said the tribun...