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New Delhi: Appellate tribunal, the National Company Appellate Law Tribunal (NCLAT) was to hear an appeal in the controversial matter of Essel World founder Subhash Chandra’s repayment programme on September 1 (Tuesday). But on the eve of the hearing, in a surprising twist the National Company Law Tribunal (NCLT) on Monday has held that “no majority verdict” had in fact emerged approving Chandra’s repayment plan to creditors since the third NLCT member’s opinion was radically different from both members of the original bench.

Judicial Member Ashok Kumar Bhardwaj and Technical Member Reena Sinha Puri of NCLT held diametrically different views on the controversial haircut so far assumed to have been given to former independent Rajya Sabha MP and tycoon, Subhash Chandra.

There has been an uproar on Subhash........

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