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Business
HDFC Bank to Appeal ₹6.5 cr Repayment Plan for Subhash Chandra, Recovers 3.2% Claim
✍️ Hindustan Times
🗓 28 Aug 2026, 08:31 AM
👁 22
HDFC Bank said it will challenge the court‑ordered ₹6.5 crore repayment plan for media mogul Subhash Chandra, noting that the schedule would allow it to recover just 3.2% of its total dues.
The country's largest private lender, HDFC Bank, announced that it intends to appeal a court order that mandates Subhash Chandra to repay ₹6.5 crore. The bank highlighted that the repayment schedule would enable it to recover merely 3.2% of the total amount it claims.
HDFC Bank's statement underscored the disparity between the repayment figure and its outstanding claim, suggesting that the current plan does not reflect the full liability owed by the media entrepreneur. The bank has not disclosed the exact size of its total claim, but the low recovery percentage signals a significant shortfall.
Legal experts note that the appeal could lead to a revised settlement or further negotiations, potentially affecting the timeline for any future payments. The outcome will be closely watched by creditors and investors monitoring the health of high‑profile debt recoveries in India.
HDFC Bank's statement underscored the disparity between the repayment figure and its outstanding claim, suggesting that the current plan does not reflect the full liability owed by the media entrepreneur. The bank has not disclosed the exact size of its total claim, but the low recovery percentage signals a significant shortfall.
Legal experts note that the appeal could lead to a revised settlement or further negotiations, potentially affecting the timeline for any future payments. The outcome will be closely watched by creditors and investors monitoring the health of high‑profile debt recoveries in India.