\u20b922,000 Crore in Claims, \u20b96.25 Crore Repayment Plan: Subhash Chandra Insolvency Case Raises Questions Over Personal Guarantees<\/p>\n
BIG QUESTIONS OVER PERSONAL GUARANTEES: Essel Group founder \u0a05\u0a24\u0a47 Zee \u0a26\u0a47 \u0a38\u0a70\u0a38\u0a25\u0a3e\u0a2a\u0a15 Subhash Chandra \u0a28\u0a3e\u0a32 \u0a1c\u0a41\u0a5c\u0a47 personal insolvency proceedings \u0a35\u0a3f\u0a71\u0a1a NCLT \u0a35\u0a71\u0a32\u0a4b\u0a02 \u0a2e\u0a28\u0a1c\u0a3c\u0a42\u0a30 \u0a15\u0a40\u0a24\u0a47 repayment plan \u0a28\u0a47 India \u0a26\u0a47 banking \u0a05\u0a24\u0a47 insolvency framework \u0a2c\u0a3e\u0a30\u0a47 \u0a07\u0a71\u0a15 \u0a35\u0a71\u0a21\u0a40 debate \u0a16\u0a5c\u0a4d\u0a39\u0a40 \u0a15\u0a30 \u0a26\u0a3f\u0a71\u0a24\u0a40 \u0a39\u0a48\u0964 The Indian Express \u0a26\u0a40 reporting \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15, proceedings \u0a35\u0a3f\u0a71\u0a1a admitted claims \u0a32\u0a17\u0a2d\u0a17 \u20b922,006.57 \u0a15\u0a30\u0a4b\u0a5c \u0a38\u0a28, \u0a1c\u0a26\u0a15\u0a3f approved plan \u0a39\u0a47\u0a20 Chandra \u0a35\u0a71\u0a32\u0a4b\u0a02 creditors \u0a32\u0a08 \u0a32\u0a17\u0a2d\u0a17 \u20b96.25 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a3e payout \u0a30\u0a71\u0a16\u0a3f\u0a06 \u0a17\u0a3f\u0a06 \u0a39\u0a48\u0964<\/p>\n
\u0a07\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a05\u0a70\u0a15\u0a5c\u0a3f\u0a06\u0a02 \u0a28\u0a42\u0a70 \u0a38\u0a3f\u0a71\u0a27\u0a47 \u0a24\u0a4c\u0a30 ‘\u0a24\u0a47 compare \u0a15\u0a40\u0a24\u0a3e \u0a1c\u0a3e\u0a35\u0a47 \u0a24\u0a3e\u0a02 recovery \u0a32\u0a17\u0a2d\u0a17 0.03% \u0a05\u0a24\u0a47 haircut \u0a24\u0a15\u0a30\u0a40\u0a2c\u0a28 99.97% \u0a2c\u0a23\u0a26\u0a3e \u0a39\u0a48\u0964 \u0a2a\u0a30 \u0a07\u0a71\u0a25\u0a47 \u0a07\u0a71\u0a15 \u0a2c\u0a39\u0a41\u0a24 \u0a1c\u0a3c\u0a30\u0a42\u0a30\u0a40 clarification \u0a39\u0a48: \u20b922,006.57 \u0a15\u0a30\u0a4b\u0a5c \u0a28\u0a42\u0a70 \u0a38\u0a3f\u0a71\u0a27\u0a3e Chandra \u0a35\u0a71\u0a32\u0a4b\u0a02 personally borrowed \u20b922,000 \u0a15\u0a30\u0a4b\u0a5c \u0a15\u0a39\u0a3f\u0a23\u0a3e \u0a38\u0a39\u0a40 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a4b\u0a35\u0a47\u0a17\u0a3e\u0964 Proceedings corporate borrowings \u0a32\u0a08 \u0a26\u0a3f\u0a71\u0a24\u0a40\u0a06\u0a02 personal guarantees \u0a28\u0a3e\u0a32 \u0a38\u0a2c\u0a70\u0a27\u0a24 \u0a39\u0a28\u0964 Chandra \u0a26\u0a47 office \u0a28\u0a47 \u0a35\u0a40 \u0a15\u0a3f\u0a39\u0a3e \u0a39\u0a48 \u0a15\u0a3f objecting creditors \u0a35\u0a71\u0a32\u0a4b\u0a02 personal guarantor \u0a35\u0a1c\u0a4b\u0a02 \u0a09\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a16\u0a3c\u0a3f\u0a32\u0a3e\u0a2b\u0a3c claim \u0a32\u0a17\u0a2d\u0a17 \u20b93,992 \u0a15\u0a30\u0a4b\u0a5c \u0a39\u0a48, \u0a28\u0a3e \u0a15\u0a3f \u20b922,000 \u0a15\u0a30\u0a4b\u0a5c\u0964<\/p>\n
LIC Housing Finance \u0a26\u0a3e \u0a2e\u0a3e\u0a2e\u0a32\u0a3e<\/p>\n
\u0a07\u0a38 case \u0a26\u0a3e \u0a38\u0a2d \u0a24\u0a4b\u0a02 striking example LIC Housing Finance (LICHFL) \u0a26\u0a3e \u0a39\u0a48\u0964 Company \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15, \u0a26\u0a4b loan accounts \u0a35\u0a3f\u0a71\u0a1a Subhash Chandra personal guarantor \u0a38\u0a28\u0964 Insolvency proceedings \u0a35\u0a3f\u0a71\u0a1a LICHFL \u0a26\u0a3e admitted claim \u20b91,322.39 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a71\u0a38\u0a3f\u0a06 \u0a17\u0a3f\u0a06 \u0a39\u0a48, \u0a1c\u0a26\u0a15\u0a3f approved repayment plan \u0a39\u0a47\u0a20 \u0a07\u0a38 \u0a28\u0a42\u0a70 \u0a38\u0a3f\u0a30\u0a2b\u0a3c \u20b938.09 \u0a32\u0a71\u0a16 \u0a2e\u0a3f\u0a32\u0a23\u0a47 \u0a39\u0a28\u0964<\/p>\n
\u0a2a\u0a30 \u0a07\u0a71\u0a25\u0a47 \u0a35\u0a40 \u0a07\u0a71\u0a15 \u0a2e\u0a39\u0a71\u0a24\u0a35\u0a2a\u0a42\u0a30\u0a28 distinction \u0a39\u0a48\u0964 LIC Housing Finance \u0a28\u0a47 \u0a38\u0a2a\u0a71\u0a38\u0a3c\u0a1f \u0a15\u0a40\u0a24\u0a3e \u0a39\u0a48 \u0a15\u0a3f NCLT \u0a26\u0a3e \u0a07\u0a39 order principal borrower companies \u0a26\u0a40 corporate liability \u0a28\u0a42\u0a70 \u0a16\u0a24\u0a2e \u0a28\u0a39\u0a40\u0a02 \u0a15\u0a30\u0a26\u0a3e \u0a05\u0a24\u0a47 secured assets \u0a09\u0a71\u0a24\u0a47 LICHFL \u0a26\u0a47 security interests \u0a05\u0a24\u0a47 recovery rights \u0a1c\u0a3e\u0a30\u0a40 \u0a39\u0a28\u0964 \u0a07\u0a38 \u0a32\u0a08 \u20b938.09 \u0a32\u0a71\u0a16 \u0a28\u0a42\u0a70 lender \u0a26\u0a40 \u0a39\u0a30 possible recovery \u0a26\u0a3e final total \u0a2e\u0a70\u0a28\u0a23\u0a3e misleading \u0a39\u0a4b \u0a38\u0a15\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
HDFC Bank \u0a35\u0a40 Appeal \u0a2c\u0a3e\u0a30\u0a47 \u0a35\u0a3f\u0a1a\u0a3e\u0a30 \u0a15\u0a30 \u0a30\u0a3f\u0a39\u0a3e<\/p>\n
HDFC Bank \u0a28\u0a47 \u0a15\u0a3f\u0a39\u0a3e \u0a39\u0a48 \u0a15\u0a3f \u0a09\u0a39 NCLT order \u0a16\u0a3c\u0a3f\u0a32\u0a3e\u0a2b\u0a3c appeal explore \u0a15\u0a30 \u0a30\u0a3f\u0a39\u0a3e \u0a39\u0a48\u0964 Bank \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 \u0a09\u0a38\u0a26\u0a3e admitted claim total claims \u0a26\u0a3e \u0a32\u0a17\u0a2d\u0a17 3.2% \u0a38\u0a40 \u0a05\u0a24\u0a47 \u0a07\u0a39 exposure erstwhile HDFC Ltd \u0a24\u0a4b\u0a02 merger \u0a2e\u0a17\u0a30\u0a4b\u0a02 HDFC Bank \u0a15\u0a4b\u0a32 \u0a06\u0a07\u0a06 \u0a38\u0a40\u0964<\/p>\n
\u0a07\u0a38 \u0a28\u0a3e\u0a32 \u0a07\u0a39 \u0a38\u0a2a\u0a71\u0a38\u0a3c\u0a1f \u0a39\u0a48 \u0a15\u0a3f NCLT approval \u0a28\u0a3e\u0a32 dispute necessarily \u0a16\u0a24\u0a2e \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a4b\u0a07\u0a06\u0964 Appellate proceedings \u0a30\u0a3e\u0a39\u0a40\u0a02 order \u0a05\u0a24\u0a47 repayment structure \u0a28\u0a42\u0a70 \u0a05\u0a71\u0a17\u0a47 challenge \u0a15\u0a40\u0a24\u0a3e \u0a1c\u0a3e \u0a38\u0a15\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
Repayment Plan \u0a2a\u0a3e\u0a38 \u0a15\u0a3f\u0a35\u0a47\u0a02 \u0a39\u0a4b\u0a07\u0a06?<\/p>\n
\u0a07\u0a71\u0a25\u0a47 \u0a38\u0a2d \u0a24\u0a4b\u0a02 \u0a2e\u0a39\u0a71\u0a24\u0a35\u0a2a\u0a42\u0a30\u0a28 issue creditors \u0a26\u0a40 voting \u0a39\u0a48\u0964<\/p>\n
The Indian Express \u0a26\u0a40 investigation \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 23 creditors \u0a28\u0a47 voting process \u0a35\u0a3f\u0a71\u0a1a \u0a39\u0a3f\u0a71\u0a38\u0a3e \u0a32\u0a3f\u0a06\u0964 Banks \u0a05\u0a24\u0a47 \u0a39\u0a4b\u0a30 creditors \u0a1c\u0a3f\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a28\u0a47 plan oppose \u0a15\u0a40\u0a24\u0a3e, \u0a09\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a15\u0a4b\u0a32 \u0a32\u0a17\u0a2d\u0a17 19.186% voting share \u0a38\u0a40\u0964 Report \u0a35\u0a3f\u0a71\u0a1a banks \u0a28\u0a47 allegation \u0a15\u0a40\u0a24\u0a3e \u0a15\u0a3f \u0a18\u0a71\u0a1f\u0a4b-\u0a18\u0a71\u0a1f \u0a2a\u0a70\u0a1c entities, \u0a1c\u0a3f\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a15\u0a4b\u0a32 \u0a2e\u0a3f\u0a32\u0a3e \u0a15\u0a47 61.78% votes cast \u0a38\u0a28 \u0a05\u0a24\u0a47 \u0a1c\u0a3f\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a28\u0a47 plan support \u0a15\u0a40\u0a24\u0a3e, Chandra \u0a28\u0a3e\u0a32 associates \u0a1c\u0a3e\u0a02 related parties \u0a35\u0a1c\u0a4b\u0a02 linked \u0a38\u0a28\u0964 Chandra’s office has denied this allegation.<\/p>\n
\u0a07\u0a38\u0a47 point \u0a28\u0a47 case \u0a28\u0a42\u0a70 \u0a39\u0a4b\u0a30 \u0a2e\u0a39\u0a71\u0a24\u0a35\u0a2a\u0a42\u0a30\u0a28 \u0a2c\u0a23\u0a3e \u0a26\u0a3f\u0a71\u0a24\u0a3e \u0a39\u0a48\u0964<\/p>\n
IBC \u0a26\u0a40 Section 109(4) \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 debtor \u0a26\u0a3e “associate” creditor meeting \u0a35\u0a3f\u0a71\u0a1a vote \u0a15\u0a30\u0a28 \u0a26\u0a3e \u0a39\u0a71\u0a15 \u0a28\u0a39\u0a40\u0a02 \u0a30\u0a71\u0a16\u0a26\u0a3e\u0964 Section 79 “associate” \u0a26\u0a40 definition \u0a26\u0a3f\u0a70\u0a26\u0a40 \u0a39\u0a48\u2014\u0a1c\u0a3f\u0a38 \u0a35\u0a3f\u0a71\u0a1a \u0a15\u0a41\u0a1d relatives, partnerships, certain trusts \u0a05\u0a24\u0a47 \u0a09\u0a39 companies \u0a38\u0a3c\u0a3e\u0a2e\u0a32 \u0a39\u0a4b \u0a38\u0a15\u0a26\u0a40\u0a06\u0a02 \u0a39\u0a28 \u0a1c\u0a3f\u0a71\u0a25\u0a47 debtor\/associates 50% \u0a24\u0a4b\u0a02 \u0a35\u0a71\u0a27 share capital own \u0a15\u0a30\u0a26\u0a47 \u0a1c\u0a3e\u0a02 board appointment control \u0a15\u0a30\u0a26\u0a47 \u0a39\u0a4b\u0a23\u0964<\/p>\n
\u0a07\u0a38 \u0a32\u0a08 legal question \u0a38\u0a3f\u0a30\u0a2b\u0a3c \u0a07\u0a39 \u0a28\u0a39\u0a40\u0a02 \u0a15\u0a3f \u0a15\u0a4b\u0a08 entity commercially \u0a1c\u0a3e\u0a02 informally promoter \u0a26\u0a47 “close” \u0a39\u0a48\u0964 \u0a05\u0a38\u0a32 \u0a38\u0a35\u0a3e\u0a32 \u0a07\u0a39 \u0a39\u0a48 \u0a15\u0a3f \u0a15\u0a40 \u0a09\u0a39 IBC \u0a26\u0a40 statutory definition of “associate” \u0a35\u0a3f\u0a71\u0a1a \u0a06\u0a09\u0a02\u0a26\u0a40 \u0a39\u0a48\u0964<\/p>\n
75% Voting Threshold \u0a35\u0a40 \u0a2e\u0a39\u0a71\u0a24\u0a35\u0a2a\u0a42\u0a30\u0a28<\/p>\n
IBC \u0a26\u0a40 Section 111 \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 repayment plan \u0a28\u0a42\u0a70 creditors present and voting \u0a26\u0a40 value \u0a35\u0a3f\u0a71\u0a1a more than three-fourths majority \u0a28\u0a3e\u0a32 approve \u0a15\u0a40\u0a24\u0a3e \u0a1c\u0a3e\u0a23\u0a3e \u0a39\u0a41\u0a70\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a07\u0a38 \u0a32\u0a08 \u0a1c\u0a47 voting eligibility \u0a1c\u0a3e\u0a02 alleged related\/associate entities \u0a26\u0a40 classification \u0a09\u0a71\u0a24\u0a47 dispute \u0a39\u0a48, \u0a24\u0a3e\u0a02 \u0a09\u0a39 \u0a38\u0a3f\u0a30\u0a2b\u0a3c technical issue \u0a28\u0a39\u0a40\u0a02\u2014\u0a07\u0a39 repayment plan \u0a26\u0a47 approval mechanism \u0a26\u0a47 \u0a15\u0a47\u0a02\u0a26\u0a30 \u0a35\u0a3f\u0a71\u0a1a \u0a06 \u0a38\u0a15\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
Personal Guarantee \u0a26\u0a3e \u0a05\u0a38\u0a32 \u0a2e\u0a24\u0a32\u0a2c \u0a15\u0a40?<\/p>\n
\u0a07\u0a39 case banking system \u0a38\u0a3e\u0a39\u0a2e\u0a23\u0a47 \u0a07\u0a71\u0a15 broader policy question \u0a35\u0a40 \u0a30\u0a71\u0a16\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a1c\u0a26\u0a4b\u0a02 promoter \u0a15\u0a3f\u0a38\u0a47 company \u0a26\u0a47 loan \u0a32\u0a08 personal guarantee \u0a26\u0a3f\u0a70\u0a26\u0a3e \u0a39\u0a48, \u0a24\u0a3e\u0a02 principle \u0a07\u0a39 \u0a39\u0a41\u0a70\u0a26\u0a3e \u0a39\u0a48 \u0a15\u0a3f borrower default \u0a15\u0a30\u0a28 \u0a26\u0a40 \u0a38\u0a25\u0a3f\u0a24\u0a40 \u0a35\u0a3f\u0a71\u0a1a guarantor \u0a26\u0a40 personal liability trigger \u0a39\u0a4b \u0a38\u0a15\u0a26\u0a40 \u0a39\u0a48\u0964 \u0a2a\u0a30 guarantee \u0a26\u0a3e practical recovery value \u0a07\u0a38 \u0a17\u0a71\u0a32 \u0a09\u0a71\u0a24\u0a47 \u0a35\u0a40 depend \u0a15\u0a30\u0a26\u0a3e \u0a39\u0a48 \u0a15\u0a3f guarantor \u0a15\u0a4b\u0a32 legally identifiable, attachable \u0a05\u0a24\u0a47 recoverable assets \u0a15\u0a3f\u0a70\u0a28\u0a47 \u0a39\u0a28\u0964<\/p>\n
\u0a07\u0a38 \u0a15\u0a30\u0a15\u0a47 \u0a35\u0a71\u0a21\u0a3e \u0a38\u0a35\u0a3e\u0a32 \u0a2c\u0a23\u0a26\u0a3e \u0a39\u0a48:<\/p>\n
\u0a1c\u0a26\u0a4b\u0a02 \u0a39\u0a1c\u0a3c\u0a3e\u0a30\u0a3e\u0a02 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a40 corporate lending \u0a32\u0a08 personal guarantees \u0a32\u0a08\u0a06\u0a02 \u0a1c\u0a3e\u0a02\u0a26\u0a40\u0a06\u0a02 \u0a39\u0a28, \u0a15\u0a40 guarantor \u0a26\u0a40 net worth \u0a05\u0a24\u0a47 asset ownership \u0a26\u0a40 independent verification \u0a35\u0a40 \u0a09\u0a38\u0a47 seriousness \u0a28\u0a3e\u0a32 \u0a39\u0a41\u0a70\u0a26\u0a40 \u0a39\u0a48?<\/p>\n
Creditors \u0a28\u0a47 proceedings \u0a35\u0a3f\u0a71\u0a1a Chandra \u0a26\u0a40\u0a06\u0a02 \u0a2a\u0a41\u0a30\u0a3e\u0a23\u0a40\u0a06\u0a02 net-worth certificates \u0a26\u0a3e \u0a35\u0a40 \u0a39\u0a35\u0a3e\u0a32\u0a3e \u0a26\u0a3f\u0a71\u0a24\u0a3e\u0964 Bar & Bench \u0a26\u0a40 report \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 objecting creditors \u0a28\u0a47 documents \u0a26\u0a3e \u0a39\u0a35\u0a3e\u0a32\u0a3e \u0a26\u0a3f\u0a70\u0a26\u0a3f\u0a06\u0a02 \u0a15\u0a3f\u0a39\u0a3e \u0a15\u0a3f 2017 \u0a35\u0a3f\u0a71\u0a1a net worth \u0a32\u0a17\u0a2d\u0a17 \u20b945,888 \u0a15\u0a30\u0a4b\u0a5c \u0a05\u0a24\u0a47 2018 \u0a35\u0a3f\u0a71\u0a1a \u0a32\u0a17\u0a2d\u0a17 \u20b940,562 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a30\u0a38\u0a3e\u0a08 \u0a17\u0a08 \u0a38\u0a40, \u0a1c\u0a26\u0a15\u0a3f present net worth \u0a32\u0a17\u0a2d\u0a17 \u20b931.79 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a71\u0a38\u0a40 \u0a17\u0a08\u0964 \u0a07\u0a39 creditors \u0a35\u0a71\u0a32\u0a4b\u0a02 proceedings \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a20\u0a3e\u0a07\u0a06 \u0a17\u0a3f\u0a06 contention \u0a39\u0a48, \u0a06\u0a2a\u0a23\u0a47 \u0a06\u0a2a \u0a35\u0a3f\u0a71\u0a1a tribunal \u0a35\u0a71\u0a32\u0a4b\u0a02 fraud \u0a1c\u0a3e\u0a02 wrongdoing \u0a26\u0a40 finding \u0a28\u0a39\u0a40\u0a02\u0964<\/p>\n
\u0a07\u0a71\u0a15 \u0a39\u0a4b\u0a30 \u0a2e\u0a39\u0a71\u0a24\u0a35\u0a2a\u0a42\u0a30\u0a28 \u0a17\u0a71\u0a32: \u20b96.25 \u0a15\u0a30\u0a4b\u0a5c \u2260 \u0a38\u0a3e\u0a30\u0a47 Corporate Loans \u0a26\u0a40 Settlement<\/p>\n
Social media \u0a09\u0a71\u0a24\u0a47 \u0a07\u0a38 case \u0a28\u0a42\u0a70 \u0a38\u0a3f\u0a30\u0a2b\u0a3c “\u20b922,000 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a3e \u0a15\u0a30\u0a1c\u0a3c\u0a3e \u20b96.25 \u0a15\u0a30\u0a4b\u0a5c \u0a35\u0a3f\u0a71\u0a1a \u0a2e\u0a3e\u0a2b\u0a3c” \u0a32\u0a3f\u0a16\u0a23\u0a3e \u0a2a\u0a42\u0a30\u0a40 legal picture \u0a28\u0a39\u0a40\u0a02 \u0a26\u0a3f\u0a16\u0a3e\u0a09\u0a02\u0a26\u0a3e\u0964<\/p>\n
NCLT proceeding Subhash Chandra \u0a26\u0a40 capacity as personal guarantor \u0a28\u0a3e\u0a32 \u0a38\u0a2c\u0a70\u0a27\u0a24 \u0a39\u0a48\u0964 Principal borrower companies \u0a26\u0a40\u0a06\u0a02 liabilities \u0a35\u0a71\u0a16\u0a30\u0a40\u0a06\u0a02 \u0a30\u0a39\u0a3f \u0a38\u0a15\u0a26\u0a40\u0a06\u0a02 \u0a39\u0a28 \u0a05\u0a24\u0a47 secured creditors \u0a26\u0a47 collateral\/security rights \u0a35\u0a40 circumstances \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 \u0a1c\u0a3e\u0a30\u0a40 \u0a30\u0a39\u0a3f \u0a38\u0a15\u0a26\u0a47 \u0a39\u0a28\u0964 LIC Housing Finance \u0a28\u0a47 specifically \u0a07\u0a39\u0a40 clarification \u0a26\u0a3f\u0a71\u0a24\u0a40 \u0a39\u0a48\u0964<\/p>\n
\u0a07\u0a38 \u0a32\u0a08 \u0a35\u0a27\u0a47\u0a30\u0a47 accurate framing \u0a07\u0a39 \u0a39\u0a48:<\/p>\n
\u20b922,006.57 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a47 admitted claims \u0a35\u0a3e\u0a32\u0a40 personal insolvency proceeding \u0a35\u0a3f\u0a71\u0a1a creditors \u0a32\u0a08 \u20b96.25 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a3e repayment plan approve \u0a39\u0a4b\u0a07\u0a06 \u0a39\u0a48 \u2014 \u0a2a\u0a30 underlying corporate debts \u0a05\u0a24\u0a47 secured recovery rights \u0a26\u0a3e \u0a38\u0a35\u0a3e\u0a32 \u0a35\u0a71\u0a16\u0a30\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a2b\u0a3f\u0a30 \u0a35\u0a40 Banking System \u0a32\u0a08 \u0a35\u0a71\u0a21\u0a3e \u0a38\u0a35\u0a3e\u0a32<\/p>\n
\u0a07\u0a39 clarification \u0a39\u0a4b\u0a23 \u0a26\u0a47 \u0a2c\u0a3e\u0a35\u0a1c\u0a42\u0a26 case \u0a07\u0a71\u0a15 fundamental issue \u0a28\u0a42\u0a70 highlight \u0a15\u0a30\u0a26\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a1c\u0a47 lender \u0a15\u0a3f\u0a38\u0a47 corporate loan \u0a28\u0a42\u0a70 sanction \u0a15\u0a30\u0a26\u0a3f\u0a06\u0a02 promoter \u0a26\u0a40 personal guarantee \u0a28\u0a42\u0a70 additional credit protection \u0a2e\u0a70\u0a28\u0a26\u0a3e \u0a39\u0a48, \u0a24\u0a3e\u0a02 \u0a09\u0a38 guarantee \u0a26\u0a40 real enforceable value \u0a15\u0a3f\u0a35\u0a47\u0a02 calculate \u0a15\u0a40\u0a24\u0a40 \u0a1c\u0a3e\u0a02\u0a26\u0a40 \u0a39\u0a48?<\/p>\n
\u0a15\u0a40 guarantee \u0a26\u0a47 \u0a38\u0a2e\u0a47\u0a02 guarantor \u0a26\u0a40 net worth independently verify \u0a39\u0a4b\u0a23\u0a40 \u0a1a\u0a3e\u0a39\u0a40\u0a26\u0a40 \u0a39\u0a48?<\/p>\n
\u0a15\u0a40 assets \u0a26\u0a47 ownership structures, trusts, companies \u0a05\u0a24\u0a47 related entities \u0a28\u0a42\u0a70 \u0a39\u0a4b\u0a30 closely examine \u0a15\u0a30\u0a28 \u0a26\u0a40 \u0a32\u0a4b\u0a5c \u0a39\u0a48?<\/p>\n
\u0a05\u0a24\u0a47 \u0a1c\u0a47 insolvency \u0a26\u0a47 \u0a38\u0a2e\u0a47\u0a02 available personal assets guarantee amount \u0a26\u0a47 \u0a2e\u0a41\u0a15\u0a3e\u0a2c\u0a32\u0a47 \u0a2c\u0a39\u0a41\u0a24 \u0a18\u0a71\u0a1f \u0a39\u0a4b\u0a23, \u0a24\u0a3e\u0a02 \u0a15\u0a40 banks \u0a28\u0a42\u0a70 corporate lending \u0a26\u0a47 \u0a38\u0a2e\u0a47\u0a02 personal guarantee \u0a28\u0a42\u0a70 \u0a18\u0a71\u0a1f weight \u0a26\u0a47\u0a23\u0a3e \u0a1a\u0a3e\u0a39\u0a40\u0a26\u0a3e \u0a39\u0a48?<\/p>\n
\u0a07\u0a39 questions \u0a07\u0a38 case \u0a24\u0a4b\u0a02 \u0a15\u0a3f\u0a24\u0a47 \u0a35\u0a71\u0a21\u0a47 \u0a39\u0a28\u0964<\/p>\n
IBC Recoveries \u0a09\u0a71\u0a24\u0a47 \u0a35\u0a40 Debate<\/p>\n
The Indian Express \u0a2e\u0a41\u0a24\u0a3e\u0a2c\u0a15 FY 2025-26 \u0a35\u0a3f\u0a71\u0a1a insolvency process \u0a30\u0a3e\u0a39\u0a40\u0a02 banks \u0a26\u0a40 recovery owed amount \u0a26\u0a3e \u0a32\u0a17\u0a2d\u0a17 20% \u0a30\u0a39\u0a40, \u0a1c\u0a4b \u0a2a\u0a3f\u0a1b\u0a32\u0a47 \u0a2a\u0a70\u0a1c \u0a38\u0a3e\u0a32\u0a3e\u0a02 \u0a35\u0a3f\u0a71\u0a1a \u0a38\u0a2d \u0a24\u0a4b\u0a02 \u0a18\u0a71\u0a1f \u0a38\u0a40\u0964 \u0a07\u0a38 \u0a32\u0a08 Chandra case \u0a28\u0a47 IBC \u0a39\u0a47\u0a20 large haircuts \u0a26\u0a40 broader debate \u0a28\u0a42\u0a70 \u0a35\u0a40 \u0a2e\u0a41\u0a5c \u0a38\u0a3e\u0a39\u0a2e\u0a23\u0a47 \u0a32\u0a3f\u0a06 \u0a26\u0a3f\u0a71\u0a24\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a07\u0a71\u0a15 \u0a2a\u0a3e\u0a38\u0a47 insolvency framework \u0a26\u0a3e objective distressed cases \u0a28\u0a42\u0a70 endlessly litigation \u0a35\u0a3f\u0a71\u0a1a \u0a30\u0a71\u0a16\u0a23 \u0a26\u0a40 \u0a2c\u0a1c\u0a3e\u0a0f commercially viable resolution \u0a32\u0a71\u0a2d\u0a23\u0a3e \u0a39\u0a48\u0964 \u0a26\u0a42\u0a1c\u0a47 \u0a2a\u0a3e\u0a38\u0a47 \u0a1c\u0a26\u0a4b\u0a02 recovery admitted claims \u0a26\u0a47 \u0a2e\u0a41\u0a15\u0a3e\u0a2c\u0a32\u0a47 microscopic \u0a39\u0a4b\u0a35\u0a47, creditors \u0a05\u0a24\u0a47 public financial institutions \u0a32\u0a08 fairness \u0a05\u0a24\u0a47 accountability \u0a26\u0a47 questions \u0a09\u0a71\u0a20\u0a23\u0a47 \u0a38\u0a41\u0a2d\u0a3e\u0a35\u0a3f\u0a15 \u0a39\u0a28\u0964<\/p>\n
Bottom Line: \u0a07\u0a39 case \u0a07\u0a38 \u0a35\u0a47\u0a32\u0a47 \u0a15\u0a3f\u0a38\u0a47 individual \u0a28\u0a42\u0a70 wrongdoing \u0a26\u0a3e \u0a26\u0a4b\u0a38\u0a3c\u0a40 declare \u0a15\u0a30\u0a28 \u0a26\u0a40 \u0a15\u0a39\u0a3e\u0a23\u0a40 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 NCLT \u0a28\u0a47 repayment plan approve \u0a15\u0a40\u0a24\u0a3e \u0a39\u0a48; \u0a15\u0a41\u0a1d lenders \u0a28\u0a47 \u0a07\u0a38\u0a26\u0a3e \u0a35\u0a3f\u0a30\u0a4b\u0a27 \u0a15\u0a40\u0a24\u0a3e \u0a39\u0a48; HDFC Bank appeal explore \u0a15\u0a30 \u0a30\u0a3f\u0a39\u0a3e \u0a39\u0a48; \u0a05\u0a24\u0a47 Chandra \u0a28\u0a47 \u20b922,000 \u0a15\u0a30\u0a4b\u0a5c \u0a28\u0a42\u0a70 \u0a06\u0a2a\u0a23\u0a40 actual personal-guarantor liability \u0a35\u0a1c\u0a4b\u0a02 portray \u0a15\u0a30\u0a28 \u0a09\u0a71\u0a24\u0a47 \u0a07\u0a24\u0a30\u0a3e\u0a1c\u0a3c \u0a15\u0a40\u0a24\u0a3e \u0a39\u0a48\u0964<\/p>\n
\u0a2a\u0a30 policy question \u0a2c\u0a30\u0a15\u0a30\u0a3e\u0a30 \u0a39\u0a48:<\/p>\n
If a personal guarantee can have a face value running into thousands of crores while the amount ultimately available from the guarantor under an insolvency plan is only a tiny fraction, how should banks value such guarantees when lending public money?<\/p>\n
\u0a07\u0a39 pragmatic insolvency resolution \u0a39\u0a48 \u0a1c\u0a3e\u0a02 Indian banking system \u0a32\u0a08 personal guarantees \u0a26\u0a40 real value \u0a2e\u0a41\u0a5c evaluate \u0a15\u0a30\u0a28 \u0a26\u0a40 warning?<\/p>\n
Subhash Chandra Insolvency Case: \u20b96.25 Crore Repayment Plan Against \u20b922,000 Crore-Plus Admitted Claims Raises Questions Over Personal Guarantees<\/p>\n
#SubhashChandra #EsselGroup #NCLT #NCLAT #IBC #PersonalGuarantee #BankingNews #IndianBanking #Insolvency #LICHousingFinance #HDFCBank #CorporateDebt #FinancialNews #BusinessNews #IndiaNews<\/p>\n
Disclaimer: This report is based on publicly available court-related information and media reports, including reporting by The Indian Express. The \u20b922,000-crore-plus figure refers to admitted claims reported in the personal insolvency proceedings and should not be interpreted as \u20b922,000 crore personally borrowed by Subhash Chandra. The approved personal repayment plan does not necessarily extinguish the underlying liabilities of principal borrower companies or all secured recovery rights. Allegations or objections mentioned are attributed to the respective creditors; they should not be treated as findings of wrongdoing unless established by a competent court or tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u20b922,000 Crore in Claims, \u20b96.25 Crore Repayment Plan: Subhash Chandra Insolvency Case Raises Questions Over Personal Guarantees BIG QUESTIONS OVER PERSONAL GUARANTEES: Essel Group founder \u0a05\u0a24\u0a47 Zee \u0a26\u0a47 \u0a38\u0a70\u0a38\u0a25\u0a3e\u0a2a\u0a15 Subhash Chandra \u0a28\u0a3e\u0a32 \u0a1c\u0a41\u0a5c\u0a47 personal insolvency proceedings \u0a35\u0a3f\u0a71\u0a1a NCLT \u0a35\u0a71\u0a32\u0a4b\u0a02 \u0a2e\u0a28\u0a1c\u0a3c\u0a42\u0a30 \u0a15\u0a40\u0a24\u0a47 repayment plan \u0a28\u0a47 India \u0a26\u0a47 banking \u0a05\u0a24\u0a47 insolvency framework \u0a2c\u0a3e\u0a30\u0a47 \u0a07\u0a71\u0a15 \u0a35\u0a71\u0a21\u0a40 debate \u0a16\u0a5c\u0a4d\u0a39\u0a40 …<\/p>\n","protected":false},"author":1,"featured_media":2769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-5549","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-national"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/03\/breaking-news-latest.png?fit=1280%2C720&ssl=1","jetpack-related-posts":[{"id":5433,"url":"https:\/\/punjabspectrum.com\/?p=5433","url_meta":{"origin":5549,"position":0},"title":"AAP \u0a06\u0a17\u0a42 \u0a38\u0a24\u0a47\u0a02\u0a26\u0a30 \u0a1c\u0a48\u0a28 \u0a17\u0a4d\u0a30\u0a3f\u0a2b\u0a3c\u0a24\u0a3e\u0a30, \u0a26\u0a3f\u0a71\u0a32\u0a40 \u0a1c\u0a32 \u0a2c\u0a4b\u0a30\u0a21 \u0a18\u0a2a\u0a32\u0a47 \u0a2e\u0a3e\u0a2e\u0a32\u0a47 ‘\u0a1a ACB \u0a26\u0a40 \u0a35\u0a71\u0a21\u0a40 \u0a15\u0a3e\u0a30\u0a35\u0a3e\u0a08","author":"admin","date":"August 18, 2026","format":false,"excerpt":"**BREAKING: AAP \u0a28\u0a42\u0a70 \u0a35\u0a71\u0a21\u0a3e \u0a1d\u0a1f\u0a15\u0a3e! Satyendar Jain ARRESTED, Delhi Jal Board Case \u2019\u0a1a ACB \u0a26\u0a40 \u0a35\u0a71\u0a21\u0a40 Action** AAP \u0a06\u0a17\u0a42 \u0a38\u0a24\u0a47\u0a02\u0a26\u0a30 \u0a1c\u0a48\u0a28 \u0a17\u0a4d\u0a30\u0a3f\u0a2b\u0a3c\u0a24\u0a3e\u0a30, \u0a26\u0a3f\u0a71\u0a32\u0a40 \u0a1c\u0a32 \u0a2c\u0a4b\u0a30\u0a21 \u0a18\u0a2a\u0a32\u0a47 \u0a2e\u0a3e\u0a2e\u0a32\u0a47 '\u0a1a ACB \u0a26\u0a40 \u0a35\u0a71\u0a21\u0a40 \u0a15\u0a3e\u0a30\u0a35\u0a3e\u0a08 \u00a0 \u00a0 **Delhi Breaking News:** \u0a06\u0a2e \u0a06\u0a26\u0a2e\u0a40 \u0a2a\u0a3e\u0a30\u0a1f\u0a40 (AAP) \u0a26\u0a47 \u0a38\u0a40\u0a28\u0a40\u0a05\u0a30 \u0a06\u0a17\u0a42 \u0a05\u0a24\u0a47 \u0a26\u0a3f\u0a71\u0a32\u0a40 \u0a26\u0a47 \u0a38\u0a3e\u0a2c\u0a15\u0a3e \u0a2e\u0a70\u0a24\u0a30\u0a40 **Satyendar\u2026","rel":"","context":"In 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3x"},"classes":[]},{"id":2475,"url":"https:\/\/punjabspectrum.com\/?p=2475","url_meta":{"origin":5549,"position":1},"title":"Anil Ambani – \u0a2e\u0a28\u0a40 \u0a32\u0a3e\u0a02\u0a21\u0a30\u0a3f\u0a70\u0a17 \u0a15\u0a47\u0a38: ED \u0a35\u0a71\u0a32\u0a4b\u0a02 \u0a35\u0a3f\u0a71\u0a1a Anil Ambani \u0a26\u0a3e 3,716 \u0a15\u0a30\u0a4b\u0a5c \u0a30\u0a41\u0a2a\u0a0f \u0a26\u0a3e \u0a18\u0a30 Abode \u0a15\u0a41\u0a30\u0a15","author":"admin","date":"February 25, 2026","format":false,"excerpt":"Anil Ambani - \u0a2e\u0a28\u0a40 \u0a32\u0a3e\u0a02\u0a21\u0a30\u0a3f\u0a70\u0a17 \u0a15\u0a47\u0a38: ED \u0a35\u0a71\u0a32\u0a4b\u0a02 \u0a35\u0a3f\u0a71\u0a1a Anil Ambani \u0a26\u0a3e 3,716 \u0a15\u0a30\u0a4b\u0a5c \u0a30\u0a41\u0a2a\u0a0f \u0a26\u0a3e \u0a18\u0a30 Abode \u0a15\u0a41\u0a30\u0a15 \u0a10\u0a28\u0a2b\u0a4b\u0a30\u0a38\u0a2e\u0a48\u0a02\u0a1f \u0a21\u0a3e\u0a07\u0a30\u0a48\u0a15\u0a1f\u0a4b\u0a30\u0a47\u0a1f \u0a28\u0a47 \u0a2c\u0a41\u0a71\u0a27\u0a35\u0a3e\u0a30 \u0a28\u0a42\u0a70 \u0a26\u0a71\u0a38\u0a3f\u0a06 \u0a15\u0a3f \u0a09\u0a38 \u0a28\u0a47 \u0a2e\u0a28\u0a40 \u0a32\u0a3e\u0a02\u0a21\u0a30\u0a3f\u0a70\u0a17 \u0a30\u0a4b\u0a15\u0a42 \u0a15\u0a3e\u0a28\u0a42\u0a70\u0a28 \u0a24\u0a39\u0a3f\u0a24 \u0a30\u0a3f\u0a32\u0a3e\u0a07\u0a70\u0a38 \u0a17\u0a30\u0a41\u0a71\u0a2a \u0a26\u0a47 \u0a1a\u0a47\u0a05\u0a30\u0a2e\u0a48\u0a28 \u0a05\u0a28\u0a3f\u0a32 \u0a05\u0a70\u0a2c\u0a3e\u0a28\u0a40 \u0a26\u0a3e \u0a2e\u0a41\u0a70\u0a2c\u0a08 \u0a38\u0a25\u0a3f\u0a24 \u0a18\u0a30 '\u0a05\u0a2c\u0a4b\u0a21' \u0a15\u0a41\u0a30\u0a15 \u0a15\u0a30 \u0a32\u0a3f\u0a06 \u0a39\u0a48, \u0a1c\u0a3f\u0a38 \u0a26\u0a40\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/punjabspectrum.com\/?cat=4"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2025\/09\/latest-upate.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2025\/09\/latest-upate.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2025\/09\/latest-upate.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2025\/09\/latest-upate.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2025\/09\/latest-upate.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2728,"url":"https:\/\/punjabspectrum.com\/?p=2728","url_meta":{"origin":5549,"position":2},"title":"Punjab budget \u0a35\u0a3f\u0a71\u0a24 \u0a2e\u0a70\u0a24\u0a30\u0a40 \u0a39\u0a30\u0a2a\u0a3e\u0a32 \u0a1a\u0a40\u0a2e\u0a3e \u0a35\u0a71\u0a32\u0a4b\u0a02 2.60 \u0a32\u0a71\u0a16 \u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a3e \u0a2c\u0a1c\u0a1f \u0a2a\u0a47\u0a36","author":"admin","date":"March 8, 2026","format":false,"excerpt":"Punjab announces Rs 6,879 crore Health budget Breaking: \u0a14\u0a30\u0a24\u0a3e\u0a02 \u0a28\u0a42\u0a70 \u0a2e\u0a3f\u0a32\u0a23\u0a17\u0a47 1000 \u0a24\u0a4b\u0a02 1500 \u0a30\u0a41\u0a2a\u0a0f \u0a2a\u0a4d\u0a30\u0a24\u0a40 \u0a2e\u0a39\u0a40\u0a28\u0a3e, \u0a2c\u0a1c\u0a1f \u2019\u0a1a \u0a30\u0a71\u0a16\u0a47 9300 \u0a15\u0a30\u0a4b\u0a5c \u0a30\u0a41\u0a2a\u0a0f, \u0a36\u0a30\u0a24\u0a3e\u0a02 \u0a32\u0a3e\u0a17\u0a42 ( \u0a35\u0a40\u0a21\u0a40\u0a09 \u0a35\u0a40 \u0a26\u0a47\u0a16\u0a4b ) \u00a0 \u00a0 \u00a0 \u0a2a\u0a70\u0a1c\u0a3e\u0a2c \u0a35\u0a3f\u0a1a \u0a1c\u0a28\u0a30\u0a32 \u0a35\u0a30\u0a17 \u0a26\u0a40\u0a06\u0a02 \u0a2c\u0a3e\u0a32\u0a17 \u0a14\u0a30\u0a24\u0a3e\u0a02 \u0a28\u0a42\u0a70 \u0a39\u0a30 \u0a2e\u0a39\u0a40\u0a28\u0a47 1000 \u0a30\u0a41\u0a2a\u0a0f \u0a2e\u0a3f\u0a32\u0a23\u0a17\u0a47 \u0a24\u0a47 \u0a10\u0a38 \u0a38\u0a40 \u0a35\u0a30\u0a17\u2026","rel":"","context":"In "Punjab"","block_context":{"text":"Punjab","link":"https:\/\/punjabspectrum.com\/?cat=2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/02\/bhagwant-mann.png?fit=725%2C493&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/02\/bhagwant-mann.png?fit=725%2C493&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/02\/bhagwant-mann.png?fit=725%2C493&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/02\/bhagwant-mann.png?fit=725%2C493&ssl=1&resize=700%2C400 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\u0a15\u0a30\u0a4b\u0a5c \u0a26\u0a47 \u0a2c\u0a48\u0a02\u0a15 \u0a27\u0a4b\u0a16\u0a3e\u0a27\u0a5c\u0a40 \u0a26\u0a47 \u0a2e\u0a3e\u0a2e\u0a32\u0a47 \u0a35\u0a3f\u0a71\u0a1a '\u0a06\u0a2a' \u0a35\u0a3f\u0a27\u0a3e\u0a07\u0a15 \u0a1c\u0a38\u0a35\u0a70\u0a24 \u0a38\u0a3f\u0a70\u0a18 \u0a17\u0a71\u0a1c\u0a23\u0a2e\u0a3e\u0a1c\u0a30\u0a3e \u0a05\u0a24\u0a47 \u0a09\u0a28\u0a4d\u0a39\u0a3e\u0a02 \u0a26\u0a47 \u0a24\u0a3f\u0a70\u0a28 \u0a28\u0a1c\u0a3c\u0a26\u0a40\u0a15\u0a40 \u0a30\u0a3f\u0a38\u0a3c\u0a24\u0a47\u0a26\u0a3e\u0a30\u0a3e\u0a02 \u0a26\u0a40\u0a06\u0a02 \u0a2e\u0a41\u0a38\u0a3c\u0a15\u0a32\u0a3e\u0a02 \u0a35\u0a27 \u0a17\u0a08\u0a06\u0a02 \u0a39\u0a28\u0964 \u0a07\u0a28\u0a2b\u0a4b\u0a30\u0a38\u0a2e\u0a48\u0a02\u0a1f \u0a21\u0a3e\u0a07\u0a30\u0a48\u0a15\u0a1f\u0a4b\u0a30\u0a47\u0a1f (ED) \u0a24\u0a4b\u0a02 \u0a2c\u0a3e\u0a05\u0a26, \u0a15\u0a47\u0a02\u0a26\u0a30\u0a40 \u0a1c\u0a3e\u0a02\u0a1a \u0a2c\u0a3f\u0a0a\u0a30\u0a4b (CBI) \u0a28\u0a47\u2026","rel":"","context":"In "Punjab"","block_context":{"text":"Punjab","link":"https:\/\/punjabspectrum.com\/?cat=2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/04\/breaking-news-latest-news.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/04\/breaking-news-latest-news.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/04\/breaking-news-latest-news.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/04\/breaking-news-latest-news.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/punjabspectrum.com\/wp-content\/uploads\/2026\/04\/breaking-news-latest-news.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5440,"url":"https:\/\/punjabspectrum.com\/?p=5440","url_meta":{"origin":5549,"position":4},"title":"Punjab Politics: CM \u0a2e\u0a3e\u0a28 \u0a26\u0a47 \u0a2a\u0a30\u0a3f\u0a35\u0a3e\u0a30 \u0a24\u0a47 OSD \u0a24\u0a47 \u0a17\u0a70\u0a2d\u0a40\u0a30 \u0a26\u0a4b\u0a38\u0a3c","author":"admin","date":"August 19, 2026","format":false,"excerpt":"Punjab Politics: \u2018Kattar Imaandari\u2019 Under Question? ED Probe Puts CM Mann\u2019s OSD Links in Spotlight CM \u0a2e\u0a3e\u0a28 \u0a26\u0a47 \u0a2a\u0a30\u0a3f\u0a35\u0a3e\u0a30 \u0a24\u0a47 OSD \u0a24\u0a47 \u0a17\u0a70\u0a2d\u0a40\u0a30 \u0a26\u0a4b\u0a38\u0a3c , \u0a2c\u0a32\u0a3e\u0a24\u0a15\u0a3e\u0a30 \u0a26\u0a3e \u0a15\u0a47\u0a38 \u0a30\u0a2b\u0a3e \u0a26\u0a2b\u0a3e \u0a15\u0a30\u0a3e\u0a09\u0a23 \u0a32\u0a08 5 \u0a15\u0a30\u0a4b\u0a5c? \u0a2e\u0a41\u0a71\u0a16 \u0a2e\u0a70\u0a24\u0a30\u0a40 \u0a2d\u0a17\u0a35\u0a70\u0a24 \u0a2e\u0a3e\u0a28 \u0a26\u0a47 OSD \u0a30\u0a3e\u0a1c\u0a2c\u0a40\u0a30 \u0a38\u0a3f\u0a70\u0a18 \u0a18\u0a41\u0a70\u0a2e\u0a23 \u0a26\u0a3e \u0a2c\u0a3f\u0a15\u0a30\u0a2e \u0a2e\u0a1c\u0a40\u0a20\u0a40\u0a06 \u0a28\u0a42\u0a70 \u0a16\u0a41\u0a71\u0a32\u0a4d\u0a39\u0a3e \u0a1a\u0a48\u0a32\u0a70\u0a1c \u0a1c\u0a47\u0a15\u0a30\u2026","rel":"","context":"In 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