The National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. However, it has also directed the Interim Resolution Professional (IRP), appointed by the National Company Law Tribunal (NCLT) after suspending the board …
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy platform Dream11 shall remain for now and the insolvency resolution professional may continue to keep the company as a going concern till then, but …
The Supreme Court on Monday sought response from Essel group firms – Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures on the IDBI Trusteeship Services’ appeal against a National Company Law Appellate Tribunal’s (NCLAT) September order that rejected its insolvency plea against the firms. A bench led by Chief Justice DY Chandrachud posted …
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in …
Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal – billed as one of the biggest in the country’s media industry – as early as next month, multiple people familiar with the progress of the proposed transaction told ET. One of the sources said that despite …
The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, …
The Supreme Court dismissed a petition by Naina Desai, widow of late art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. Nitin Desai had been found dead in his Karjat studio on August 2, a day after the NCLAT dismissed his plea …