The National Company Law Tribunal (NCLT), on Friday, rejected IDBI Bank’s insolvency plea against Zee Entertainment. The bank had applied for insolvency to recover dues of 149.60 crore.
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Notably, IDBI Bank appelaed to the NCLT in December last year claiming an amount of 149.60 crore. The amount was under dispute between Zee Entertainment and IDBI Bank.
In December 2022, Zee had informed the bourses that IDBI Bank, claiming to be a financial creditor, filed the petition before the Mumbai bench of the NCLT. IDBI claimed an amount of 149.60 crore, which has been disputed by ZEEL. IDBI, in its application, demanded the initi…
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