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NCLAT seeks creditors' response to Subhash Chandra plea against NCLT order
Business Standard 4 hrs ago·29 Sept 2026, 3:27 pm
Subhash Chandra, the founder of Zee Entertainment Enterprises, has approached the National Company Law Appellate Tribunal (NCLAT) to challenge an order passed by the National Company Law Tribunal (NCLT) on September 1. The NCLAT has now sought a response from the company's creditors within a week regarding this appeal. Additionally, the tribunal has scheduled hearings for interim relief pleas on October 29-30.
This legal battle is significant for investors as it centers on the approval of Zee's proposed merger with Sony Pictures Networks India. The NCLT's initial order had raised questions regarding the merger, creating uncertainty in the market. Investors are closely watching the proceedings to see how the appellate tribunal rules on the matter and what it means for the future of the merger deal.
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- Category: Company.
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