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NCLT Mumbai bench adjourned Siti Networks' insolvency hearing to April 3. Rohit Mehra, suspended board of directors, NCLAT intervention, financial and operational creditors claims, including Zee Entertainment Enterprises, were crucial in the process.
Zee Entertainment Enterprises' third-quarter profit more than doubled as a pick-up in subscriptions offset a soft advertising environment, the Indian broadcaster reported on Tuesday, in its first...
During the search, which is underway since this afternoon, the central probe agency questioned the company's officials.
In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.
MCA initiates review of rules under Companies Act and LLP Act