In 2016, disputes had arisen between the Sarkar family members with respect to the
control of the ABP Group. In April 2017, a memorandum of family settlement was executed.
Indiabulls had moved the Tribunal under Section 95 of the Insolvency and Bankruptcy Code (IBC) over outstanding loan amounts to be furnished by Chandra.
The National Company Law Tribunal (NCLT) has approved a Rs9,861-crore offer by Hinduja Group company IndusInd International Holdings Limited (IIHL) to take over the assets of bankrupt financial servic