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Bombay HC asks Zee promoter to deposit ₹61.6 crore over default to Axis Finance

Axis Finance, a non-banking subsidiary of Axis Bank, had petitioned the high court to recover loans given to Cyquator Media. The company defaulted on interest payments and pledged shares to other lenders while persistently defaulting on its obligations towards Axis Finance. ....

Zee Punit Goenka , Subhash Chandra , National Company Law Appellate Tribunal , Axis Bank , Cyquator Media , Axis Finance , Direct Media Distribution Ventures , Essel Corporate , Primat Infrapower , Economic Times , Bombay Hc ,