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NCLT asks Zee to file reply to Invesco's plea for EGM by Oct 7

Zee argues that Invesco's plea should be dismissed as the petition is seeking ad-interim relief as its final relief

Punit Goenka
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Punit Goenka, CEO & MD, ZEEL

Subrata Panda Mumbai
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday has given time till October 7 to Zee Entertainment Enterprises to file its reply to the top shareholder Invesco Developing Markets Fund's application seeking an EGM. Zee had argued that it should be given enough time to reply to the application because it was under the impression that the arguments put forth by Invesco were for an ad-interim relief and not for the final disposal of the matter. 

Zee Entertainment Enterprises, represented by Navroz Seervai, argued that the application moved by Invesco Developing Markets Fund and OFI Global China