The matter had come up within the NCLT court docket on Thursday, the place IndusInd Bank, Axis Finance and IDBI Bank had sought permission to file purposes to intervene within the proposed merger, in keeping with knowledgeable sources.

The Indian Performing Right Society (IPRS), an operational creditor of Zee, can also be a part of the proceedings, it’s reliably learnt.

A mail despatched to Zee Entertainment elicited no response until the time of going to press.

But final week, IPRS had filed an utility on the NCLT, Mumbai to assert dues price Rs 211 crore in direction of royalty fee.

Zee had stated that it might contest this. Similarly, final month, IDBI Bank, a monetary creditor, had moved NCLT, Mumbai looking for Rs 149.60 crore in dues.