Page 11 - Zee Entertainment

Zee Entertainment swings to Q1 loss on weak advertising, higher costs

Zee flagged muted advertisement spending, mainly due to the Indian Premier League, a cricket league, during the first two months of the quarter

Corporate Affairs ministry examines Sebi's allegations against Zee Ent

However, the MCA has not issued an inspection order, the report added

NCLAT defers hearing on IDBI Bank's plea against Zee to August 17

The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till August 17. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major. On Wednesday, when the matter came for hearing, lawyers sought adjournment. On this, NCLT bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra deferred the matter to August 17. The Mumbai bench of the National Company Law Tribunal (NCLT) had on May 19, 2023, set aside the bank's plea, seeking insolvency against media major Zee Entertainment, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). In its order, the NCLT bench had said that Zee Entertainment Enterprises Ltd (ZEEL), which was the corporate guarantor for the loan availed by Siti Networks -- the principal Borrower of IDBI Bank -- has committed a default. However, the default

IDBI Bank moves NCLAT against Zee Entertainment to challenge NCLT order

IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejected the private lender's plea to initiate insolvency proceedings against the media major. IDBI's petition has been listed for hearing on Wednesday before a bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra. The Mumbai bench of the National Company Law Tribunal (NCLT) had on May 19, 2023, set aside the bank's plea, seeking insolvency against media major Zee Entertainment, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). Earlier in the day, ZEEL in a regulatory filing also informed: "An appeal has been filed by IDBI Bank Limited before the NCLAT, Delhi, challenging the order passed by the NCLT dated May 19, 2023". In its order, the NCLT bench had said that ZEEL, which was the corporate guarantor for the loan availed by Siti Networks -- the principal Borrower of IDBI Bank -- has ...

SAT agrees to modify its directions in case involving Zee promoters

Allows regulator to appoint authorized officer higher in position than WTM to decide on the matter

SAT to hear Sebi's appeal for modification in Zee order on July 27

Sebi, in its appeal, has asked for the modification on the direction for appointing a different WTM

Subhash Chandra moves to get family's stake in Dish TV back from JC Flowers

With JC Flowers ARC's 24.19% stake in the company, Chandra's total holding in the satellite TV operator will rise to 28.2%, if the transaction goes forth

Zee constitutes interim panel following Sebi's bar on Goenka

Shares of the company have surged over 15% in the last two trading sessions

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator

NCLT reserves order in Zee Entertainment, Sony India merger case

The NCLT approval is an important legal milestone for the merger scheme to come into effect

SAT rejects Zee Entertainment promoters' appeal against Sebi order

Tribunal directs founders to respond within two weeks; asks Sebi to appoint new WTM to probe the matter

Stocks to Watch today, July 10: Cyient DLM, Titan, SBI, Zee, IOC, HDFC Bank

Stocks to watch on July 10, 2023: BHEL, Delta Corp, Granules and India Cements are the four stocks in F&O ban period on Monday.

Securities and Appellate Tribunal to pronounce Zee verdict on Monday

After hearing arguments from the senior counsels of Zee promoters and Sebi, SAT had reserved its order in the case on June 27

Sebi asks law firm representing Zee founders against it to return briefs

Economic Laws Practice defended the founders of Zee Entertainment in a case against the regulator in the securities appellate tribunal

IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal

The tribunal has asked both parties to pay the cost of the interim resolution professional for the period the case was under the resolution process

SAT adjourns Zee Entertainment-Sebi matter; next hearing on Tuesday

Refuses to take on record additional affidavit filed by Sebi in the matter

Sony-Zee merger to go through, whether I'm CEO or not, says Punit Goenka

Goenka was set to become the merged entity's managing director and CEO, leading a $10 billion TV enterprise

Zee-Sony merger is at risk after Sebi order, says BofA Securities

The US-based brokerage doesn't have any price target, given the uncertainty surrounding the merger and pressure on revenue growth due to slower ad spending

Sony says it's taking Sebi allegations against Zee promoters 'seriously'

Goenka and Chandra have denied the charges and moved the Securities and Appellate Tribunal (SAT), asking it to stay the order where the matter is pending

Monitoring regulatory developments against Zee founder, CEO: Sony

Sony Pictures Entertainment on Wednesday said it took the India markets regulator's order banning Zee Entertainment founder and chief executive officer from holding board positions seriously