LICHFL Clarifies NCLT Order on Dr. Subhash Chandra's Personal Insolvency

LIC Housing Finance Ltd (LICHFL) has issued a clarification regarding media reports on the Delhi NCLT's order in the personal insolvency proceedings of Dr. Subhash Chandra. The NCLT approved Dr. Chandra's repayment plan as a Personal Guarantor. Media reports indicated LICHFL has an admitted claim of ₹322.39 crore, with the plan proposing ₹38.09 lakh payment. LICHFL confirmed it sanctioned facilities across two loan accounts where Dr. Chandra is a guarantor and continues to hold security interests. The company clarified that the NCLT order pertains only to the personal guarantor's insolvency and does not impact the corporate liabilities of the principal borrower entities.