Prolonged battle ahead as ZEE Entertainment takes Invesco to court

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

A prolonged legal battle, up to the Supreme Court, may be in the offing as the corporate battle between Zee Entertainment Enterprises (ZEEL) and institutional investors, led by Invesco, spills over from the boardroom to the high court.
 
Zee announced on Saturday that it moved Bombay High Court against Invesco for seeking an extraordinary general meeting (EGM) of shareholders for removing managing director (MD) and chief executive officer (CEO) Punit Goenka and appointing six of its nominees as directors.
 
Earlier, the ZEEL board had rejected Invesco’s request for an EGM after the Oppenheimer-backed funds made a demand for