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SC greenlights IDBI Trusteeship to contest NCLAT's dismissal of petition against Essel Group cos: Best Media Info

SC greenlights IDBI Trusteeship to contest NCLAT's dismissal of petition against Essel Group cos: Best Media Info
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SC agrees to hear IDBI Trusteeship Services' appeal against two Zee companies

Two promoter companies of ZEEL have been given four-week period by the SC to respond to the notices. ....

Subhash Chandra , Chandra Essel Group , Trusteeship Service , National Company Law Appellate Tribunal , Sony Pictures Networks India , Supreme Court , Cyquator Media Services , Direct Media Distribution Ventures , Essel Infraprojects , Essel Group , Media Services , Direct Media Ventures ,

Insolvency: SC issues notice to 2 Essel group firms on IDBI Trusteeship's plea

Cyquator Media Services and Direct Media Distribution have been given four weeks by the Supreme Court to respond to the notices ....

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IDBI-Essel case: SC agrees to hear IDBI Trusteeship Services' appeal, issues notice to Essel group entities

The Supreme Court has asked a response from Essel group firms, Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures, on the appeal against a National Company Law Appellate Tribunal s (NCLAT) September order that rejected its insolvency plea against the firms. The NCLAT dismissed an insolvency petition against Direct Media Ventures and two days later, the insolvency petition against Cyquator Media, a promoter group company of Zee Entertainment Enterprises. ....

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Insolvency plea against Essel entity Cyquator dismissed

In its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with Rule 4 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for resolution of financial debt worth ₹599 crore. ....

Nausher Kohli , Anuradha Sanjay Bhatia , Kuldip Kumar Kareer , National Company Law Tribunal , Trusteeship Service , Cyquator Media Services , Insolvency Bankruptcy Application To Adjudicating Authority , Essel Group , Corporate Insolvency Resolution Process , Cyquator Media , Bankruptcy Code , Adjudicating Authority , Technical Member Anuradha Sanjay Bhatia , Judicial Member Kuldip Kumar Kareer , Advocate Nausher , Essel Infra Projects , Insolvency Petition , Idbi Trusteeship ,