NCLT Bars Transfer of Subhash Chandra’s Assets Amid Bankruptcy Dispute

Alongside staying the haircut order, the NCLT issued an injunction preventing Subhash Chandra from transferring or selling his properties, either directly or through third parties. The restriction applies to all assets held by the guarantor and remains in force while the tribunal re‑examines the insolvency case. The decision follows a series of contradictory orders in the bankruptcy proceedings initiated by India Bulls Housing Finance Ltd.