Subhash Chandra Targets Reliance Media; Company Hits Back
What Happened
Essel Group chairman Subhash Chandra accused Reliance-owned media outlets, including TV18 and CNBC-TV18, of running a "fake narrative" and "witch-hunt" against him over reports linked to his insolvency proceedings and alleged ₹22,000-crore claims. In response, Reliance rejected the allegations as "baseless" and said its media brands have never been used to target individuals.
Key Takeaways
The dispute has intensified amid controversy surrounding Chandra's insolvency case, highlighting growing tensions between two of India's best-known media and business groups. Reliance has firmly denied wrongdoing, while Chandra continues to challenge the reported debt figures and media coverage around the case.