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More trouble for Zee: SC upholds HC ruling to send Siti Networks loan default case to arbitration

In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.

Punit goenkaHarvinder singhGroup of companie doctrineSiti networksIndusind bankZee entertainment enterprisesDelhi high courtSiti broadband servicesSupreme court onCompetition commission of indiaSiti networkSupreme courtNational company law appellate tribunalAditya birla financeBirla financeSiti broadband

NCLT admits Aditya Birla Finance s insolvency plea against Siti Broadband Services

In 2020, Siti Broadband had availed of a loan of ₹5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments after a moratorium of five quarters from the first disbursement. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.

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