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This is part of a case series. Case B of the two-part series 'Zee Entertainment and Essel Group - A Quest for Legacy and Beyond' describes the evolution and eventual resolution of the personal crisis of Subhash Chandra in Case A. By January 2019, Chandra had offered most of the shares of the listed firms he owned as collateral to banks to borrow additional debt. Several developments had occurred by this time that deepened Chandra's predicament, including the tightening of credit by financial institutions, a statutory body investigation into a firm that he owned, and an investigative many listed Essel Group companies, and banks threatened to sell the shares of companies of Chandra's thriving media business to recover the debt. Chandra had to sell assets of his infrastructure business and most of his stake in Zee to pay off his debt. Corporate governance lapses at Zee also emerged at the time of the stake sale by Chandra, particularly around related party transactions with other companies that he and his brothers owned. Although his son Punit Goenka continued as the CEO of Zee, Chandra had to resign his chairmanship and was left with only 5% stake in Zee, with the dominant shareholders now being institutional investors.