Essel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish TV, Zee Learn may be released upon payment. Seeking buyers for debt settlement.
ED Raids Essel Group Companies In RFL Money Laundering Case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
According to reports, JC Flower asset reconstruction company has reached a resolution with Subhash Chandra-led Essel Group to settle the outstanding dues, thereby ending a 2-year tussle between the group and YES Bank.
Best Media Info: In March 2023, Zee Entertainment and IndusInd Bank notified the tribunal of a settlement agreement wherein they confirmed the existence of payment obligations that must be fulfilled by either June 30 | Television News