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Axis Bank files insolvency petition against Zee Learn

Zee Learn said on Tuesday that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been filed by Axis Bank Ltd to initiate Corporate Insolvency Resolution Process (CIRP) of the company, before the National Company Law Tribunal, Mumbai.
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Axis Bank Zee Learn: Axis Bank moves NCLT to seek insolvency proceedings against Zee Learn

Axis Bank has filed a petition before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the education services provider. The petition, filed under Section 7 of the Insolvency and Bankruptcy Code, aims to initiate the CIRP. Zee Learn has received a notice from the NCLT and is verifying the information claimed by Axis Bank.
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