The Delhi High Court (HC) has appointed Justice L Nageswara Rao (ex-judge of the Supreme Court) as the sole arbitrator in a Rs150 crore loan dispute involving Essel group of companies, Zee Entertainment Enterprises Ltd and Siti Networks Ltd and Aditya Birla Finance Ltd.
Mumbai : The National Company Law Appellate Tribunal (NCLAT) on Friday stayed the order directing the initiation of insolvency proceedings against Zee Entertainment Enterprises Ltd ( Zeel) which was a huge relief for the company. The decision came after the NCLAT heard Zeel CEO Punit Goenka challenge the company's insolvency proceedings.
Best Media Info: Punit Goenka, CEO of Zee Entertainment Enterprises, Thursday approached the NCLAT seeking relief against the company's admission to insolvency| Television News