nclt
Goenka urged people to consider Chandra’s version of events before drawing conclusions
e4m Staff Aug 29, 2026 7:35 AM
Dr Subhash Chandra has accused the Reliance Group of spreading a misleading narrative around his debt and the recent NCLT proceedings
e4m Staff Aug 28, 2026 10:56 PM
Essel Group chairman has alleged that TV18 and CNBC pushed a misleading narrative around his debt and raised claims dating back to 2019
e4m Staff Aug 28, 2026 10:15 PM
Dr Subhash Chandra responds to claims over Essel Group debt, NCLT proceedings and his personal wealth, saying Rs 43,000 crore of Rs 45,000 crore liabilities has been repaid.
e4m Staff Aug 28, 2026 3:08 PM
In a statement issued from his office, Chandra said he had not personally borrowed money from the lenders and had acted only as a personal guarantor for loans raised by Essel Group companies
e4m Staff Aug 27, 2026 6:00 PM
The order clears way for implementation of the repayment plan under the Insolvency and Bankruptcy Code
e4m Staff Aug 27, 2026 9:45 AM
As per the tribunal the Rs 20 crore advanced by Pen India qualified as “financial debt” under the Insolvency and Bankruptcy Code
e4m Desk Aug 22, 2026 11:57 AM
The scheme broadly classifies the group’s businesses into two segments — the Publishing Business and the EIBME Business
Imran Fazal Aug 22, 2026 7:59 AM
Bobble AI raised Rs 25 crore through secured debentures in March 2023
e4m Staff Aug 19, 2026 6:36 PM
NCLAT has directed that implementation of any resolutions shall remain in abeyance until final adjudication of the proceedings pending before NCLT
e4m Staff May 29, 2026 2:11 PM
Legal and tax experts said the immediate fallout could shift from courtroom battles to insolvency proceedings before the National Company Law Tribunal
Imran Fazal May 28, 2026 9:21 AM
In the wake of a proposal to remove 7 independent directors and full-time director Satish Chandra Mishra, the directors have sent a lengthy representation to shareholders
e4m Staff May 25, 2026 9:27 AM
The acquisition of the distillery-cum-bottling unit located in Thrissur, Keralam, will be at a cost of ₹30.85 crore
The tussle centred on the reconstitution of Dish TV’s board, with Yes Bank pushing for changes amid concerns over corporate governance and management control
e4m Staff Apr 10, 2026 10:00 AM
NCLAT has ruled that procedural flaws alone cannot block insolvency proceedings, sending Culver Max’s petition against the fintech firm back for reconsideration
e4m Staff Dec 29, 2025 8:47 AM
The appointed date for the restructuring is April 1, 2026, or the effective date of the Scheme, whichever is earlier
e4m Staff Nov 21, 2025 5:26 PM
Scheme deemed fair and reasonable with no statutory objections; effective date kicks in on RoC filing, Section 240 liabilities preserved
e4m Staff Sep 29, 2025 9:20 AM
The Mumbai bench cited a lack of evidence against the accusation of fraudulent transactions
e4m Desk Apr 22, 2025 11:26 AM
The amalgamated entity will be Kal Radio Limited, which will continue to operate as a subsidiary of Sun TV Network
The tribunal reportedly said that the plea by Zee shareholder Phantom Studios is irrelevant since the companies had already withdrawn the merger scheme
e4m Staff Oct 28, 2024 9:06 AM
A financial creditor of Siti argued that some creditors withdrew funds while the company was under moratorium and during a stay on its insolvency proceedings
The NCLAT permitted the withdrawal, noting that the NCLT had already rescinded its August 10, 2023, order approving the $10 billion merger
e4m Staff Sep 23, 2024 11:55 AM
Network18 has also received permission from the Ministry of Corporate Affairs to extend its AGM by 3 months
In its BSE filing, Zee informed that the tribunal has recalled its order sanctioned on August 10 approving the merger
Zee's latest filing, dated August 29, 2024, requests the NCLT to recall this order, signaling potential hurdles in the merger process with Sony
e4m Staff Sep 2, 2024 10:22 AM
The Mumbai bench of the NCLT has noted that the scheme appears 'fair and reasonable' with no violations of any provisions of law or public policy
As per media reports, both RIL and Disney are not keen on making changes to their cricket broadcast rights
e4m Staff Aug 14, 2024 8:05 AM
According to experts, the Disney-Reliance merger could drive up ad rates for major properties like IPL and the World Cup, but its impact on general entertainment content may be limited
Sonam Saini Aug 1, 2024 8:19 AM
Even if the NCLT grants its approval, the Scheme cannot be implemented unless all regulatory clearances, including those from the CCI, MIB, and others, are secured
e4m Staff Jul 31, 2024 8:27 AM
The company said it is in the process of obtaining requisite approvals for completion of the merger
e4m Staff Jul 16, 2024 6:56 PM
The order has been passed on an application filed by Dr. Chandra seeking replacement of the Resolution Professional appointed by the NCLT
e4m Staff May 30, 2024 5:55 PM
The next step is to secure over 75% votes from stakeholders in favour of the merger; more approvals needed from NCLT, regulatory bodies and stock exchanges, say experts
Aditi Gupta May 20, 2024 8:44 AM
The Walt Disney Company recently said that it is expecting to close the merger in the first half of 2025
As per the plan, Sapphire Media Limited will pay Rs. 261 crores to secured and operational creditors as against the total claims of Rs. 947.5 crore
Chandra had argued that NCLT cannot rule on an individual's insolvency
e4m Staff Apr 22, 2024 7:11 PM
Also, the withdrawal of the plea will mean one less litigation for ZEEL which might help the company in the long run, say experts
Aditi Gupta Apr 17, 2024 8:43 AM
The decision will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the SIAC and in other forums
e4m Staff Apr 17, 2024 7:23 AM
The hearing was earlier moved to February 21 after IPRS informed NCLT that its plea against the tribunal's February 9 order is pending judgment by the NCLAT
According to legal experts, Sony will have the option to file an appeal before NCLAT against the decision of NCLT
Aditi Gupta Feb 6, 2024 8:50 AM
ZEEL shareholder Mad Men Film Ventures filed a petition on Tuesday seeking that both ZEEL and Sony complete the merger
e4m Staff Jan 30, 2024 3:44 PM
Legal experts say if NCLT allows ZEEL’s plea, it can save the media conglomerate from multiple legal issues and strengthen its standing in the market
Sonam Saini Jan 25, 2024 8:34 AM
Guest column: Basant Maheshwari, Co-Founder and Partner of Basant Maheshwari Wealth Advisers LLP, says that the ZEE-Sony merger is the first instance in India of a deal failing, despite NCLT approval
Basant Maheswari Jan 22, 2024 4:53 PM
As the fate of the Zee-Sony merger remains uncertain, we take a look at the various key episodes in the journey so far
e4m Staff Dec 30, 2023 9:19 AM
The matter will be heard after four weeks, a bench led by Chief Justice DY Chandrachud has said
e4m Staff Dec 12, 2023 10:51 AM
The tribunal has reportedly given its nod to a joint proposal by luggage manufacturer Goblin India and financial services firm Khandwala Finstock to acquire the bankrupt network
e4m Staff Nov 17, 2023 1:57 PM
The application challenges the legality of the Jagran Media board meeting and all resolutions passed therein
e4m Staff Oct 11, 2023 1:25 PM
The Allahabad bench of NCLT has adjourned the matter for October 31, 2023, for further hearing