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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

1 min read Last Updated : Feb 22 2023 | 11:01 PM IST

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.