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ZEEL moves NCLAT for more time to file reply to Invesco's plea

The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal

Gavel, order, judiciary, courts, laws
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NCLT said the matter of the dispute is simple: Whether the EGM requisition is valid or not and it cannot give ZEEL “weeks and weeks” of time for filing its reply.

Subrata Panda Mumbai
Zee Entertainment Enterprises (ZEEL) has moved appellate tribunal National Company Law Appellate Tribunal (NCLAT) against National Company Law Tribunal (NCLT) order, which asked it to file a reply to Invesco’s application by October 7.
 
The company is seeking more time to file its reply in the matter and is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal.
 
“The company (ZEEL) has moved NCLAT in accordance with the due process available under the law. It has also filed a suit in the Bombay High Court to declare that