Zee says Invesco did not seek CCI approval for naming six nominee directors on its board; lawyers say consent not required for less than 10% stake acquisition
Subhash Chandra alleges Invesco is gunning for illegal takeover of his media company.
Invesco must put its offer on the table and avoid any clandestine bid on Zee, says its Chairman Emeritus
The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal
Business Standard brings you the top headlines on Wednesday
Zee seeks more time to file reply on Invesco's arguments for convening an EGM
The comments show the battle between the company and its largest investors is set to worsen
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
Zee says Invesco's plea is not maintainable; matter to be heard again on Tuesday
The Invesco vs the Goenkas saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco
On September 30, NCLT directed Zee Entertainment Enterprises Ltd to hold a board meeting to consider Invesco's request for convening an EGM.
Business Standard brings you the top headlines at this hour
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
Zee is requesting HC to declare that the shareholders' meeting requisition notice sent by Invesco is 'illegal and invalid'
Zee requested HC to declare the requisition notice sent by Invesco as 'illegal and invalid'
'In its meeting held on October 1, 2021, the Board has arrived at a conclusion that the requisition is invalid and illegal,' says Zee in a stock exchange filing
Shares of auto companies will be in focus today as companies will start reporting their September sales figures
It's not a discretionary power of the Zee Entertainment board to call or not call for EGM, says NCLT
Business Standard brings you the top stories from today