Home Entertainment Zee Entertainment hits decrease circuit as NCLT admits IndusInd’s insolvency plea

Zee Entertainment hits decrease circuit as NCLT admits IndusInd’s insolvency plea

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Zee Entertainment hits decrease circuit as NCLT admits IndusInd’s insolvency plea

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Zee Entertainment on Thursday was down by practically 10 per cent in early commerce after NCLT admits insolvency plea filed by IndusInd Bank towards the corporate.

Zee Entertainment on Thursday was down by practically 10 per cent in early commerce after NCLT admits insolvency plea filed by IndusInd Bank towards the corporate.

The shares of the corporate had been down by 9.98 per cent to 185.35 on BSE on the time of writing the story.

The shares of the corporate had been down by 9.98 per cent to 185.35 on BSE on the time of writing the story.

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The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition  media firm Zee Entertainment Enterprises Ltd (ZEE) filed by its monetary creditor IndusInd Bank, beneath Section 7 of the Insolvency and Bankruptcy Code (IBC).

The chapter courtroom additionally admitted an identical insolvency software towards Essel Group’s Siti Networks Ltd, filed by the identical monetary lender.

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