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Zee Entertainment disputes IDBI Bank’s ₹225 crore insolvency claim, terms it fraudulent

Zee Entertainment Enterprises Limited on Wednesday (September 10) said it has received an insolvency application from IDBI Bank Limited before the National Company Law Tribunal (NCLT), Mumbai, seeking initiation of the corporate insolvency resolution process. The bank, claiming to be a financial creditor, has alleged a default of ₹225.23 crore. The claim is based on…

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