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Zee Entertainment Enterprises Ltd (ZEEL) tumbled over 33% Tuesday and touched its 52-week low of Rs152.50 on NSE following a termination letter sent by Sony to call off the merger
The Supreme Court has agreed to examine a plea filed by IDBI Trusteeship Services against National Company Law Appellate (NCLAT) orders refusing to initiate insolvency proceedings against two promoter companies of Zee Entertainment Enterprises .
Agreeing to hear a petition filed by IDBI Trusteeship Services Ltd against an order from the National Company Law Appellate Tribunal (NCLAT) rejecting an insolvency plea against Essel group companies, the Supreme Court issued notices to Cyquator Media Services and Direct Media Distribution Ventures. Cyquator Media Services is a promoter group company of Zee Entertainment Enterprises Ltd (ZEEL).