The National Company Law Appellate Tribunal (NCLAT) is set to hear the IDBI bank‘s plea against Zee Entertainment related to insolvency proceedings on Thursday.
“Learned Counsel for Appellant prays for and is allowed a weeks time to file the Additional Affidavit,” said the NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra, reported PTI.
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In its plea, the IDBI bank had challenged the orders of the Mumbai bench of the NCLT, which rejected the private lender’s plea to begin the insolvency proceedings against Zee Entertainment Enterprises Ltd.
Last week, the Mumbai bench of NCLT had given a green signal to the merger o…
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