Zee Entertainment Enterprises Ltd. has contested the maintainability of the insolvency process initiated by IndusInd Bank Ltd. before the National Company Law Tribunal. The company has claimed that the default in question occurred in October 2020, when the Insolvency Code was suspended, and so the bank’s application should be dismissed.In light of the Covid-19 pandemic, the government had suspended the period from March 2020 to Decem…
Zee Entertainment Enterprises Ltd. has contested the maintainability of the insolvency process initiated by IndusInd Bank Ltd. before the National Company Law Tribunal.
The company has claimed that the default in question occurred in October 2020, when the Insolvency Code was suspended, and so the bank’…
Read the full article at: https://www.bqprime.com/law-and-policy/indusind-banks-insolvency-petition-not-maintainable-says-zee