Business Standard

NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment

The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court

gavel, court, law
Premium

BS Reporter
The National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition filed against Zee Entertainment Enterprises Limited (ZEEL) filed by the IndusInd Bank after the company failed to repay Rs 83 crore under a debt service reserve account agreement (DSRA) to the bank. 

The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2023 | 11:01 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com