ET Exclusive: 'Personally, I don’t have any assets. That is a stated fact,' says Zee founder Subhash Chandra amid 99.97% haircut row

In an exclusive interview with ET, Zee founder Subhash Chandra rejects criticism over his personal insolvency settlement, saying the ₹22,000-crore figure includes guarantees beyond Indian banks’ ₹5,311-crore claims. He says borrowing entities will repay lenders, denies personally owning assets, defends the insolvency process and explains how family funds supported Zee’s revival efforts.