The Mumbai bench of the National Company Law Tribunal (NCLT) has deferred the hearing concerning the insolvency resolution of cable TV distribution company Siti Networks to April 3. The adjournment comes amidst pending applications, signaling irregularities in the resolution process and changes in the commencement date, noted the bench consisting of judicial member Lakshmi Gurung and technical member Charanjeet Singh
In a significant development regarding the Zee-Sony merger, the National Company Law Appellate Tribunal (NCLAT) has taken the decision to transfer all associated pleas to the bench presided over by Chairperson Ashok Bhushan. This move was motivated by ongoing deliberations concerning IDBI Bank’s insolvency plea against Zee Entertainment Enterprises Ltd. (Zee) due to unpaid dues, which is already under review
The National Company Law Appellate Tribunal (NCLAT) has scheduled a hearing for August 31, 2023, to address IDBI Bank’s plea against Zee Entertainment in a payment dispute case. The private lender contests a prior NCLT decision that denied its request to initiate insolvency proceedings against the media conglomerate on May 19. The NCLT’s Mumbai branch had ruled that the lender’s
