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ZEE INSOLVENCY CASE
Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut rowZee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a r...- Bankers question role of RP in the Subhash Chandra case and how net worth was computedDissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how ...
- Zee founder Subhash Chandra's next move: An investment job in SwitzerlandSubhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Credito...
- Union Bank, LIC Housing Fin, Canara Bank challenge NCLT nod to Subhash Chandra resolution planCanara Bank, Union Bank of India, and LIC Housing Finance will challenge a repayment plan. The National Company Law Tribunal approved the p...
- Zee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut rowSubhash Chandra has said Rs 6.5 crore remains with him and that he will have to pay the amount under the insolvency plan, while rental inco...
- 99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...
- How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 croreThe NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders ...
- HDFC Bank, LIC Housing Finance to contest Zee resolutionHDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payme...
- NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on orderThe National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writi...
- Axis Bank moves NCLT to seek insolvency proceedings against Zee LearnAxis Bank has filed a petition before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Zee Learn, the educat...
- NCLAT issues notice to Zee Entertainment over IDBI Bank's pleaThe National Company Law Appellate Tribunal (NCLAT) has issued a notice to Zee Entertainment Enterprises Ltd (ZEEL) following a petition fr...
- NCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear IDBI Bank’s plea against Zee Entertainment in payment disput...
- NCLAT defers hearing on IDBI Bank's plea against Zee Entertainment to Aug 17The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till Au...
- NCLAT disposes of Punit Goenka’s plea after Zee settles dues with its lender IndusInd BankThe National Company Law Appellate Tribunal (NCLAT) on Monday disposed of an appeal filed by the promoters of Zee Entertainment after the c...
- Booster Shot! Settlement with IndusInd Bank lifts Zee Ent shares to 1-month highThe insolvency plea by IndusInd Bank against Zee had raised questions over the smooth merger of the company with Sony Pictures, which was a...
- Zee Entertainment likely to repay IndusInd $10 million to wrap Sony dealZee Entertainment Enterprises Ltd. has agreed to repay dues owed to IndusInd Bank Ltd. as it seeks to resolve insolvency proceedings initia...
- IndusInd taking Zee to NCLT is a joke, appears to be holding it to ransom at moment of merger: Shriram Subramanian"I do not think the Zee-Sony merger will get substantially delayed or delayed at all. If anything, between now and March, when NCLAT hears ...
- NCLAT sets aside insolvency proceedings against Zee Learn, directs NCLT to decide afreshUnder Section 7 of the Insolvency and Bankruptcy Code (IBC), a financial creditor can get insolvency proceedings initiated against the corp...
- Bankruptcy court admits Zee Learn for resolution on Yes Bank pleaIn December 2022, Yes Bank had moved the NCLT to also initiate insolvency proceedings against Zee Learn subsidiary Digital Ventures. This c...
- Indiabulls Housing Finance moves NCLT against Subhash Chandra to recover loansIt has claimed that Chandra provided a guarantee for a loan to Gnex Projects that obtained a Rs 190 crore loan from Indiabulls Housing Fina...
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