Company Law Appellate Tribunal Gives Zee Time To Respond To Invesco's Plea
NCLAT on Thursday said that NCLT has committed an error by not granting Zee Entertainment reasonable and sufficient time for filing a reply
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NCLAT on Thursday said that NCLT has committed an error by not granting Zee Entertainment reasonable and sufficient time for filing a reply
On October 5, NCLT had given Zee two days to file its response to applications by Invesco and OFI Global China Fund. NCLAT has allowed Zee's plea seeking more time to respond.
The hearing was adjourned for Friday little over an hour after the National Company Law Appellate Tribunal (NCLAT) said it will pass an order later in the day in connection with the matter.
The NCLT had on Tuesday instructed the company to submit a reply over the petition filed by its minority shareholders by October 7, the next date of hearing
Zee Founder Subhash Chandra has urged Invesco to behave like a shareholder and not like the owner