NCLAT directs NCLT to allow Zee a reasonable and sufficient opportunity to file reply
NCLT order directing Zee to reply within two days violated principles of natural justice, said NCLAT
NCLT adjourned the hearing on Invesco's petition seeking convening of shareholders' meet by Zee Entertainment Enterprises, saying it will wait for the appellate tribunal's order related to the matter.
The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal
Zee argues that Invesco's plea should be dismissed as the petition is seeking ad-interim relief as its final relief
The tribunal, on Tuesday, said it cannot give Zee Entertainment Enterprises 'weeks and weeks' of time for filing its reply
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On September 30, NCLT directed Zee Entertainment Enterprises Ltd to hold a board meeting to consider Invesco's request for convening an EGM.
Shareholder activism in India: We often hear of a growing trend in India Inc that could bode well for shareholders but present challenges for companies. But that may not be a nascent phenomenon
Lawyers said how the high court treats Zee's civil suit for dismissal of Invesco's demand for an EGM would set tone for how legal battle would unfold in coming days
The deal has been contested by Amazon, an investor in Future Coupons, which in turn is a shareholder in Future Retail
It's not a discretionary power of the Zee Entertainment board to call or not call for EGM, says NCLT
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The NCLAT had in February directed suspension of the club's general committee and asked the government to appoint an administrator
Move premature; in process of taking required steps: Zee
Will seek shareholder approval to sell assets to Reliance Retail
NCLT on Tuesday directed to list the pleas related to the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech on October 26 for hearing
The NCLT order, which is public now, provides for a very microscopic settlement for employees, which is pegged at Rs 52 crorE
In an industry in which more than half the production is accounted for by the small growers, analysts believe that big players may help bring production and pricing discipline
Siva Shelters says of the dues worth Rs 76 cr claimed by IFIN, it will pay Rs 50 cr along with normal interest at 14% plus penal interest until all dues are fully cleared