Insolvency tribunal NCLT on Tuesday barred Essel Group Chairman Subhash Chandra from alienating his assets and stayed an order allowing him to settle claims arising from personal guarantees on group borrowings for about Rs 6.5 crore, against claims of roughly Rs 22,006 crore.

A five-member special bench of the National Company Law Tribunal (NCLT), headed by President Justice Anupinder Singh Grewal, said there was no clear majority view on the repayment plan and therefore the order could not be given effect.