India

Rahul Gandhi Questions NCLT Decision Regarding Subhash Chandra Settlement

Congress leader Rahul Gandhi took to X to criticize a National Company Law Tribunal (NCLT) decision involving Subhash Chandra. Gandhi alleged that the settlement allowed for a minimal payout despite massive dues, contrasting this with the harsh recovery measures faced by farmers and students. He labeled the NCLT a "Leader-Company Loot Tribunal" and accused the Modi government of maintaining two separate systems of justice—one for select billionaires and another for the common public.

Rajesh Singh

Rajesh Singh

Aug 28, 2026

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This article was curated with AI assistance and published by the MBN News Desk.

Rahul Gandhi Questions NCLT Decision Regarding Subhash Chandra Settlement
AI Generated ImageSource: MBN News Desk

Key Takeaways

  • •Rahul Gandhi labels NCLT as Leader Company Loot Tribunal
  • •Congress leader alleges dual justice system for billionaires
  • •Gandhi contrasts billionaire payouts with farmer struggles

Rahul Gandhi has sparked a political debate by questioning the National Company Law Tribunal (NCLT)'s decision regarding a settlement for Subhash Chandra. In a post on X, Gandhi alleged that the tribunal permitted a minimal payout to settle substantial outstanding dues, which he characterized as a form of favoritism toward high-profile business figures.

The Congress leader's critique centered on what he described as a "two-tier" justice system. Gandhi argued that while large-scale debtors receive lenient settlement terms, ordinary citizens like farmers and salaried employees face aggressive recovery tactics from financial institutions. He pointed to a CNBC report to highlight the disparity in how the NCLT handles corporate insolvency compared to individual debt.

  • Farmer auctions for small debts — land is seized for failing to pay as little as ₹50,000 in outstanding loans.
  • Aggressive recovery for salaried class — missing a single EMI often results in harassment by recovery agents at their homes.
  • Barriers for student education loans — underprivileged students struggle to secure basic funding for their higher studies.

In his post, Gandhi used sharp language to describe the tribunal, referring to it as "नेता-कंपनी लूट ट्रिब्यूनल" (Leader-Company Loot Tribunal). He wrote, "किसान 50 हज़ार न चुकाए तो ज़मीन नीलाम हो जाती है। Salaried एक EMI न भर पाएं तो घर पर बैंक के गुंडे पहुंच जाते हैं। गरीब छात्रों को तो शिक्षा तक के लिए लोन नहीं मिलता। मगर, चुनिंदा 'मित्रों' के लिए बैंक का पैसा निजी संपत्ति है - कितना भी निकालो, जो मर्ज़ी चुकाओ। मोदी सरकार ने देश में दो व्यवस्थाएं बना रखी हैं - एक चंद अरबपतियों के लिए, दूसरी बाक़ी सबके लिए।"

Source: MBN News Desk
#Rahul Gandhi#NCLT#Subhash Chandra#Congress#Modi Government#Debt Settlement#Indian Economy#Banking Reforms

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