Insolvency Guardian Media Centre
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MUMBAI: IDBI Bank has once again dragged Zee Entertainment Enterprises to the insolvency court. It has filed a fresh application before the Mumbai bench of the company law tribunal to initiate insolvency proceedings against Zee for a default of Rs 225 crore. Zee has disputed the bank’s claim, terming it meritless and an abuse of the legal process. Zee intends to take legal action against IDBI to protect its reputation.The origin of IDBI’s Rs 225 crore claim stems from a debt agreement between the bank and Zee for credit facilities availed by Siti Networks, a company promoted by Zee’s founders. Zee was a guarantor to the Siti loan. According to Zee, in 2022, the bank had previously filed an insolvency case against the company regarding…
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Man allegedly jumps off cruise ship to dodge $16,000 gambling debt MSN
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Cruise ship passenger jumped overboard to avoid $16,000 gambling debt, prosecutors say MSN
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The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that the EPFO dues from the post-liquidation assessment under section 7A of the EPF Act are not admissible. It was viewed that non-admission of the claim of the Appellant in liquidation proceeding shall not preclude it from taking such steps as available in law for realisation of its claim which arose after liquidation commencement date.
The Regional P.F. Commissioner, Employees’ Provident Fund Organization filed appeal challenging the order dated 21.03.2025 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad, Court-2 in IA No.114(AHM)2023 filed by the Appellant.
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REVEALED: Latest business liquidations in Ipswich The Courier Mail
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