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IBCArticle·8 September 2026

NCLT stays the 6 crore Vs 22000 crores matter as No Majority view.

By J the App

Executive Summary

The repayment plan had received conflicting views from the original two-member Bench and the Third Member. With no clear majority emerging even after the reference, the Special Bench stayed the Third Member's order approving the plan, restrained the personal guarantor from alienating any assets and listed the matter for further hearing.

Domain | Regulatory | IBC | Personal Guarantee

The Position

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