The bank is looking at approaching the National Company Law Appellate Tribunal (NCLAT) over the ruling. The supplied report describes an appeal as a planned step, rather than a filing that has already taken place. It does not state a timeline for the bank’s proposed challenge.

The bankruptcy court approved a repayment plan under which lenders would recover very little against their admitted claims. Those claims together exceed Rs 22,000 crore. A haircut of 99.97% means nearly the entire admitted amount would remain unrecovered under the plan.

HDFC Bank had submitted a claim worth Rs 680 crore, but only 3.2% of that claim was admitted. This is separate from the haircut under the repayment plan: claim admission determines the amount recognised, while the haircut concerns the recovery against admitted claims. The report does not specify HDFC Bank’s final payout.

The supplied information does not explain why such a small share of HDFC Bank’s claim was admitted or set out the grounds for its proposed appeal. It also does not provide further details of the repayment terms, leaving the bank’s precise legal objections unstated.