National Company Law Appellate Tribunal

MUMBAI: The National Company Law Appellate Tribunal on Friday stayed the order directing initiation of insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). 

NCLAT also issued notice to private sector lender IndusInd Bank and the final hearing of the case will now be heard on March 29.

The order comes as a big relief to the Indian media major, and follows on from ZEE MD & CEO Punit Goenka's filing an appeal before NCLAT on Thursday seeking relief against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT).

Feb 23, 2023 17:02
MUMBAI: Punit Goenka, MD & CEO of Zee Entertainment Enterprises Ltd (ZEEL), Thursday filed an appeal in the National Company Law Appellate Tribunal (NCLAT) seeking relief against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) in connection with an insolvency plea filed against the Indian media major.