Regulatory & Legal
NewsData.io23 Sept 2026, 8:38 am ISTDelayed
NCLT asks CBI for response in Subhash Chandra insolvency case
What happened
- The NCLT has asked the CBI to respond regarding a loan fraud investigation involving Subhash Chandra.
- The tribunal is looking into an alleged Rs 1,322-crore fraud case linked to LIC Housing Finance.
Key terms explained
Financial terms from this story, in everyday words.
- NCLT
- National Company Law Tribunal, a body that handles cases related to company law and insolvency.
- Insolvency
- A state where a person or company cannot pay their debts.
Original source
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