Sammaan Capital, formerly Indiabulls Housing Finance, will not challenge the NCLT approval of Subhash Chandra’s repayment plan.
The company recovered an amount exceeding the principal disbursed through independent enforcement and recovery measures.
Sammaan Capital initiated personal insolvency proceedings against the Zee group founder in 2022.
The legal action involved a ₹170 crore loan for which Chandra served as a personal guarantor.
This decision ends the litigation and resolves financial uncertainty for the lender.