In what is likely to complicate merger plans for the Essel Group, the bankruptcy court on Wednesday admitted Zee Entertainment & Siti Group for insolvency proceedings. The bankruptcy proceeding comes at a time when Zee and a local unit of Japan's Sony are merging their television channels, film...
The appellate tribunal has posted the matter for hearing on March 29. Zee Entertainment managing director Punit Goenka on Thursday petitioned NCLAT for relief from the February 22 NCLT order.
The settling of dues of around ₹83.7 crore to the private lender could happen as early as Friday and IndusInd Bank has agreed to withdraw its insolvency proceedings against Zee once the repayment is done
The settling of dues of around ₹83.7 crore to the private lender could happen as early as Friday and IndusInd Bank has agreed to withdraw its insolvency proceedings against Zee once the repayment is done