The NCLT order had said Subhash Chandra had executed a personal guarantee in 2019 in favour of IDBI trusteeship guaranteeing the repayment obligations towards the debentures.
The Indian Performing Rights Society (IPRS) has filed an application with the National Company Law Tribunal (NCLT) to oppose the proposed merger between Star India and Novi Digital Entertainment. The IPRS, which protects the rights of music artists, argues that the merger could impact its rights as it is a creditor to both companies.
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