CBI files case against Subhash Chandra, others over Rs 1,322 crore LIC Housing fraud | India News

NEW DELHI: The Central Bureau Of Investigation on Saturday filed a case against Zee Group founder Subhash Chandra and others for and others for allegedly defrauding LIC Housing Finance Ltd of approximately Rs 1322 crores.This came as earlier on Tuesday, the National Company Law Tribunal (NCLT) stayed its order allowing Zee Group founder Subhash Chandra to settle his personal insolvency case by paying Rs 6.25 crore against admitted claims of Rs 22,006.57 crore. The five-member special bench, headed by NCLT chief Anupinder Singh Grewal, said there was no clear majority on the repayment plan and restrained Chandra from alienating any assets.This is a developing story. Details to follow…