Rahul Gandhi alleges double standards over NCLT NEW DELHI: Leader of opposition in Lok Sabha and Congress leader Rahul Gandhi on Thursday criticised the Centre over the functioning of the National Company Law Tribunal (NCLT), alleging that the system treats ordinary borrowers differently from large corporate borrowers.Calling the NCLT the “Leader-Company Loot Tribunal”, Rahul contrasted the treatment of farmers, salaried workers and students with that of what he described as a select group of wealthy businesspersons.”If a farmer doesn’t pay 50 thousand, his land gets auctioned off. If a salaried person misses even one EMI, bank goons show up at the house. Poor students can’t even get loans for education,” Rahul said in a post on X.”But for select “friends,” bank money is like personal property – withdraw as much as you want, repay whatever you feel like,” he added.He accused the Narendra Modi government of creating unequal systems for different sections of society.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelines”The Modi government has created two systems in the country – one for a handful of billionaires, and another for everyone else,” Rahul added.Meanwhile, Essel Group chairman Subhash Chandra on Thursday said reports about his personal insolvency proceedings before the National Company Law Tribunal (NCLT) had presented an inaccurate picture of the claims against him. He stressed that he was a personal guarantor and had not personally borrowed money from any lender.In a statement issued by his office, Chandra said the total claims filed in the insolvency proceedings should not be equated with the amount currently outstanding.According to Chandra, lenders had filed claims totalling around Rs 22,006 crore, of which Rs 21,696 crore had been admitted. However, he said the claims of lenders who had objected to his repayment plan amounted to Rs 3,992 crore. Of this, Rs 620 crore had already been settled, leaving Rs 3,372 crore, he said.Get the latest India News and Live updates. Download the TOI app.About the AuthorAadrita HalderWrites on social matters, geopolitics, and trending issues for the Times of India.End of ArticleFollow Us On Social MediaVideosNepal Floods: 288 Indians Uncontactable, 21 Rescued So Far, MEA Shares Key Updates | WatchFour Killed, One Missing In Manipur Ambush As Naga-Kuki Tensions Erupt Again, Probe Launch | WatchFake IAS Officer Tripti Rajput Under Probe, Police Recover CBI Cards And Government DocumentsWhy A Supreme Court Judge Wants The Rajasthan High Court Acting Chief Justice Transferred?18 Rounds, Point-Blank: How Haryanvi Singer Ankit Balyan Was Gunned Down Outside Gym In UPIndia-China Talks Yield 8-Point Consensus; New Military Hotlines, Border Talks On The TableSkardu Base Was India’s Target During Operation Sindoor, Ex-CDS Reveals Why Strike Was Aborted’Gone In Seconds’: Kailash Mansarovar Pilgrims Missing, 77 Isha Foundation Members Among ThemSinger Mary Millben Hits Back Over ‘Anti-Modi’ Politics Over Mohan Bhagwat New York Event105 Indians Missing In Nepal Flash Floods; Tibet-Side Surge Leaves Eight Dead | Watch123Photostories4 countries where YouTube is blocked; here’s whyPolka dots to Gingham: 5 trendy prints taking over fashion this seasonLearn all about the viral Kora turmeric DIY mask: Does this desi glow hack actually work?Life didn’t go as planned? 5 things to remember when everything feels uncertain8 simple hacks to peel potatoes; the one that works the best and why5 Fluffy and furry dog breeds that can make your home even more adorable7 houseplants that may help keep mosquitoes away: From basil to mintCan infections such as mumps affect male fertility years later?Psychology says why the sibling you couldn’t stand as a child can become the person you trust most as an adultFrom working in Bhojpuri cinema, signing random films to pay his rent to earning Rs 1.5 lakh for one episode of Comedy Circus; When Krushna Abhishek opened up about his journey123Hot PicksNepal floodUPTET Result 2026Sunny LeoneKerala name changeRRB NTPC UG CBT 2 examAnkit Baliyan murderSridhar VembuDelhi murderNEET PG 2026 admit cardTop TrendingAnkit Balyan MurderChandigarh MurderSamay RainaUdaipur HotelFlorida Car CrashUS Green Card HolderBengal HospitalTamil Nadu Son MurderElon MuskKanpur Aircraft Crash
NEW DELHI: Leader of opposition in Lok Sabha and Congress leader Rahul Gandhi on Thursday criticised the Centre over the functioning of the National Company Law Tribunal (NCLT), alleging that the system treats ordinary borrowers differently from large corporate borrowers.Calling the NCLT the “Leader-Company Loot Tribunal”, Rahul contrasted the treatment of farmers, salaried workers and students with that of what he described as a select group of wealthy businesspersons.“If a farmer doesn’t pay 50 thousand, his land gets auctioned off. If a salaried person misses even one EMI, bank goons show up at the house. Poor students can’t even get loans for education,” Rahul said in a post on X.“But for select “friends,” bank money is like personal property – withdraw as much as you want, repay whatever you feel like,” he added.He accused the Narendra Modi government of creating unequal systems for different sections of society.
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“The Modi government has created two systems in the country – one for a handful of billionaires, and another for everyone else,” Rahul added.Meanwhile, Essel Group chairman Subhash Chandra on Thursday said reports about his personal insolvency proceedings before the National Company Law Tribunal (NCLT) had presented an inaccurate picture of the claims against him. He stressed that he was a personal guarantor and had not personally borrowed money from any lender.In a statement issued by his office, Chandra said the total claims filed in the insolvency proceedings should not be equated with the amount currently outstanding.According to Chandra, lenders had filed claims totalling around Rs 22,006 crore, of which Rs 21,696 crore had been admitted. However, he said the claims of lenders who had objected to his repayment plan amounted to Rs 3,992 crore. Of this, Rs 620 crore had already been settled, leaving Rs 3,372 crore, he said.