The debt woes of Essel Group promoters may worsen as mutual funds squabble among themselves on whether to give more time to Subhash Chandra’s private firms to repay debt.

With 11 days to go for Essel promoters to redeem the pledge on shares of Zee EntertainmentNSE -10.02 % by repaying loans to mutual funds and nonbanking finance companies, some mutual funds are against granting more time. Zee Entertainment is part of the Chandra-led Essel Group, and its shares have been pledged by the p ..................ET