HDFC Bank may appeal ₹6.5-cr repayment plan for Subhash Chandra

HDFC Bank, India's largest private sector lender, is contemplating an appeal against a court-sanctioned repayment plan for Subhash Chandra. The plan, valued at ₹6.5 crore, is deemed inadequate by the bank, which anticipates recovering a mere 3.2% of its total outstanding claim.

The bank's stance suggests a significant discrepancy between the court's approved resolution and HDFC Bank's assessment of the debt owed by Chandra. This disparity highlights potential disagreements over the valuation of assets, the extent of liabilities, or the feasibility of the proposed repayment structure.

By considering an appeal, HDFC Bank signals its intent to challenge the current ruling, likely seeking a revised plan that better reflects its financial claims. Such a move underscores the bank's commitment to recovering its dues and its dissatisfaction with the current outcome, which appears to offer minimal recovery on its substantial claim.