Bharat Cred Solutions
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Regulatory updates, practical guides, and reference material for anyone building a lending business in India.

Blog & Insights

Recovery

Subhash Chandra Insolvency Case 2026: NCLT Order, ₹22,006 Crore Claims, ₹6.25 Crore Repayment Plan & What It Means for Creditors

The **Subhash Chandra insolvency case 2026** has attracted major attention after the NCLT approved a repayment plan involving reported admitted creditor claims of approximately ₹22,006.57 crore and a proposed creditor payout of ₹6.25 crore. This comprehensive guide explains the **Subhash Chandra personal-guarantor insolvency case, NCLT order, creditor voting, lender challenges, NCLAT proceedings, IBC personal-guarantor framework and implications for creditors, promoters, lenders and distressed businesses**, while also explaining how professional insolvency, debt recovery and distressed-asset advisory can help businesses navigate financial distress.

19 min read

RBI Circulars

Master Direction on NBFC Scale Based Regulation

RBI/DoR/2023-24 · Consolidated Master Direction

Sets out the layered regulatory framework for NBFCs based on size, activity, and perceived risk — the foundational reference for NBFC compliance.

Fair Practices Code for NBFCs

RBI/DoR/FPC · Master Direction

Governs disclosure, recovery conduct, and grievance redressal standards that every NBFC's policies must reflect.

KYC Master Direction

RBI/DBR/KYC · Master Direction

Defines customer due diligence, risk categorization, and periodic KYC update requirements applicable to regulated lenders.

Guidelines on Digital Lending

RBI/DoR/Digital Lending · Master Direction

Sets out disclosure, data governance, and outsourcing requirements specific to digital lending journeys and loan service providers.

FAQs

Answers to common questions

How long does NBFC registration typically take?+

Timelines vary based on entity readiness and RBI's review cycle, but the biggest driver is how complete your application is on first filing. We structure documentation upfront specifically to minimize clarification rounds.

What is the minimum capital required to start an NBFC?+

RBI mandates a minimum Net Owned Fund for NBFC registration, with specific thresholds depending on the type of NBFC. We assess your business model and map the exact capital structure required on a strategy call.

Do you only work with new NBFCs, or established ones too?+

Both. We support founders launching a new NBFC from scratch, as well as established NBFCs and banks that need technology, compliance, collections, or recovery support at scale.

Can you manage collections without taking over our entire operations?+

Yes. Collections and recovery can be engaged as a standalone service, layered onto your existing operations, or run as part of a fuller BPO engagement — the scope is defined around what you actually need.

How does pricing work for an engagement?+

Pricing depends on scope — a one-time NBFC licensing engagement is structured differently from an ongoing compliance or collections retainer. We'll walk through options specific to your requirement on a call.

Do you work with businesses outside major metro cities?+

Yes, our field collections and BPO operations network extends across multiple states, and our advisory and technology engagements are delivered remotely regardless of location.

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