Key Points
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till August 17..
The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major...
The Mumbai bench of the National Company Law Tribunal (NCLT) had on May 19, 2023, set aside the bank's plea, seeking insolvency against media major Zee Entertainment, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC)...
In its order, the NCLT bench had said that Zee Entertainment Enterprises Ltd (ZEEL), which was the corporate guarantor for the loan availed by Siti Networks -- the principal Borrower of IDBI Bank -- has committed a default...
Section 10A mandates no application for initiation of corporate insolvency resolution process (CIRP) can be filed against any debtor by any financial and operational creditor for any default arising on or after March 25, 2020, for a period of one year...
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NCLT had initiated insolvency proceedings against Nitin Desai's Co over debt of Rs 252 crore
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Notice issued to ZEEL on IDBI plea
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NCLAT disposes of Punit Goenka’s plea after Zee settles dues with its lender IndusInd Bank
03, Jul, 23The National Company Law Appellate Tribunal (NCLAT) on Monday disposed of an appeal filed by the promoters of Zee Entertainment after the company settled its dues with IndusInd Bank. Punit Goenka, managing director (MD) of Zee Entertainment Enterprises (ZEEL) approached the appellate tribunal in February to challenge the National Company Law Tribunals order to admit the company under the Corporate Insolvency Resolution Process.
Zee CEO Punit Goenka moves NCLAT against NCLT order
24, Feb, 23Zee Enterprises’ MD & CEO Puneet Goenka on Thursday moved NCLAT challenging the order of the National Company Law Tribunal (NCLT) which admitted an IndusInd Bank plea for insolvency proceedings against the firm.
Zee set to repay IndusInd Bank $10 million to wrap Sony deal: Report
16, Mar, 23The settling of dues of about 837 million rupees ($10 million) to the lender could happen as early as Friday and the Mumbai-based bank has agreed to withdraw its insolvency proceedings against the media company once the repayment is made
Bankruptcy court dismisses IDBI Bank’s insolvency plea against Zee Ent
20, May, 23The Mumbai bench of the National Company Law Tribunal (NCLT) led by judicial member Kishore Vemulapalli and technical member Prabhat Kumar in its oral order dismissed an application filed by the IDBI Bank. It is a relief for Zee, as the company and Sony had signed definitive agreements in December 2021 to merge their businesses. The proposal has already received approvals from the BSE, NSE and Zee shareholders.
Zee Entertainment, IndusInd Bank reach settlement over dues; Zee shares jump
29, Mar, 23Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal on Wednesday that they have settled a dispute over dues of the media company