₹22,000 Crore “Write-Off”? The Subhash Chandra Case Shows Why AI Could Transform Insolvency in the Future
New Delhi: 05 Sep 2026 I A controversial insolvency case involving Essel Group founder Subhash Chandra has triggered a much bigger question for India’s financial and legal ecosystem: Can technology—and particularly Artificial Intelligence—make complex insolvency cases more transparent, faster and harder to manipulate? First, an important clarification: the widely circulated claim that the NCLT has simply written off ₹22,000 crore of bank loans is misleading. The approximately ₹22,006 crore figure represents claims admitted against Chandra in his capacity as a personal guarantor for loans taken by Essel/Zee-linked companies—not ₹22,000 crore personally…