Plans to raise Rs 3,500 cr; Axis AMC to be investment manager of the fund, Inversion to provide operational and turnaround expertise
The NCLT said the objections raised by American retail giant Amazon were premature and could be dealt with later
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The last date for submitting applications for the 20 positions at the National Company Law Tribunal as well as the NCLAT is November 12
With the NCLT approval, a total of 11 projects would be ready for monetisation through the InvIT route
The war of words between Invesco and ZEEL shows that minority shareholders were not in the loop about the acquisition talks till Tuesday
The move follows a NCLAT order on Thursday that granted ZEEL more time to file its reply
NCLT appointed Rajneesh Sharma as an administrator of the Srei Group firms
On October 2, ZEEL said it has moved the Bombay High Court against the requisition of minority shareholders Invesco and OFI Global China Fund, to convene an EGM
NCLAT directs NCLT to allow Zee a reasonable and sufficient opportunity to file reply
NCLT order directing Zee to reply within two days violated principles of natural justice, said NCLAT
NCLT adjourned the hearing on Invesco's petition seeking convening of shareholders' meet by Zee Entertainment Enterprises, saying it will wait for the appellate tribunal's order related to the matter.
The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal
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
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On September 30, NCLT directed Zee Entertainment Enterprises Ltd to hold a board meeting to consider Invesco's request for convening an EGM.
Shareholder activism in India: We often hear of a growing trend in India Inc that could bode well for shareholders but present challenges for companies. But that may not be a nascent phenomenon
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
The deal has been contested by Amazon, an investor in Future Coupons, which in turn is a shareholder in Future Retail