The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notice to Zee Entertainment Enterprises Ltd (ZEEL) over a petition filed by private sector lender IDBI Bank, directing it to file a reply within two weeks. The private lender has challenged an NCLT order, which on May 19 rejected a plea to initiate insolvency proceedings …
The National Company Law Appellate Tribunal (NCLAT) has scheduled a hearing for IDBI Bank’s plea against Zee Entertainment in a payment dispute case on August 31, 2023. IDBI Bank has challenged a previous order from the National Company Law Tribunal (NCLT) that rejected its request to initiate insolvency proceedings against Zee Entertainment, a major media …
The National Company Law Appellate Tribunal has dismissed the appeal filed by the Consumer Unity and Trust Society (CUTS), a prominent think tank. The appeal requested the Competition Commission of India (CCI) to investigate the merger between PVR and INOX. During the hearing, the senior counsel representing CUTS argued that the merged entity, which now …
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has decided to postpone the hearing of IDBI bank’s plea against Zee Entertainment until August 17. The private lender has challenged an NCLT order issued on May 19, which rejected its request to initiate insolvency proceedings against the media giant. During the hearing on Wednesday, the …
Zee Entertainment and IndusInd Bank have successfully resolved their payment dispute, according to recent media reports. The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeal. In March 2023, the two companies informed NCLAT that they had reached a settlement regarding the payment dispute, paving the way for the Sony deal. This settlement is …
Zee Entertainment Enterprises (ZEEL) is preparing to challenge the National Company Law Tribunal’s (NCLT) order issued on May 11 by taking the matter to the National Company Law Appellate Tribunal (NCLAT), according to a reliable source as reported by ET. The source emphasized that ZEEL intends to contest the NCLT’s order based on two main …
Zee-Sony Merger: NCLAT Overturns NCLT Order In Favor of Zee Entertainment In a significant development, the National Company Law Appellate Tribunal (NCLAT) has set aside an order from the National Company Law Tribunal (NCLT) that directed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to reevaluate their previous approval for the merger …