Bombay High Court reserves its order in invesco's appeal in ZEE case

A division bench of the Bombay High Court on Friday finished hearing the arguments and reserved its order in an application filed by US investment firm Invesco, challenging an order of a single-judge bench in a dispute with Zee Entertainment Enterprises (ZEE).

Invesco, the largest shareholder of ZEE, had approached the division bench in October last year to challenge the injunction order passed by justice GS Patel, in a petition filed by the entertainment company against the investor.

The judge had restrained the investor from taking any action or step with regards to its requisition notice to ZEE, including calling or holding an extraordinary general meeting (EGM) for the removal of managing director and chief executive Punit Goenka.