Summary of Key Information:
Acquirer / Seller / Promoter: Not Applicable
Target Company: Not Applicable
Stock Exchange Listings:
NSE Scrip Code: LICHSGFIN EQ
BSE Scrip Code: 500253
Nature of Transaction / Event: Regulatory clarification regarding NCLT order in personal insolvency proceedings
Date of Transaction: 27th August, 2026 (disclosure date)
Key Financial Exposure:
- LICHFL has an admitted claim of ₹322.39 crore in the personal insolvency proceedings of Dr. Subhash Chandra
- The approved repayment plan provides for payment of ₹38.09 lakh to LICHFL against this claim
Security Position:
LIC Housing Finance Limited continues to hold and enforce its security interest over the secured assets against which the financial facilities were granted. The assets have been duly charged/mortgaged in favour of LIC HFL.
Legal Context:
- The NCLT order pertains specifically to the Insolvency Resolution Process against Personal Guarantor Dr. Subhash Chandra under the Insolvency and Bankruptcy Code, 2016
- The order does not adjudicate, discharge, dilute or impact the corporate liabilities of the principal borrower entities in any way
- LICHFL retains all rights, security interests, enforcement remedies and recovery avenues over the secured assets in accordance with applicable provisions of law
Other Noteworthy Information:
- The clarification addresses media reports regarding the Delhi Bench of NCLT's order
- Dr. Subhash Chandra is the Personal Guarantor for two loan accounts where LICHFL had sanctioned financial facilities
- The company is issuing this clarification to place the factual position on record and provide appropriate context to media reports
Analyst Notes:
This is a factual clarification disclosure by LIC Housing Finance Limited regarding media reports about an NCLT order. The company maintains its security interests and recovery rights while acknowledging the approved repayment plan in the personal insolvency proceedings of the guarantor.