Zee Entertainment shares extends losing streak as Subhash Chandra insolvency appeal rattles investors

Zee Entertainment Enterprises Ltd (ZEEL) shares came under renewed selling pressure on Monday, extending their decline for the fourth consecutive trading session as the dispute over the insolvency resolution of Zee Group founder Subhash Chandra moves to the National Company Law Appellate Tribunal (NCLAT). The stock fell as much as 14.3% during intraday trade to…

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Bathla Group collapse causes administrators to find emergency funding as debt threatens collapse due to insolvency

Administrators of property developer Bathla Group have until Thursday to find emergency funding for the company and avoid it turning into one of the country’s biggest real estate failures, as the company’s staff agreed to keep working without pay. Insolvency specialists Teneo were appointed to Bathla last Tuesday as it buckled under the weight of…