NCLAT postpones hearing on IDBI Bank s plea against Zee Entertainment to August 17: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
IDBI Bank challenges NCLT order on Zee before NCLAT: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
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.
In May 2023, the NCLT at Mumbai refused to entertain IDBI s plea noting that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC).
IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejected the private lender s plea to initiate insolvency proceedings against the media major. IDBI s petition has been listed for hearing on Wednesday before a bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra.