NCLT committed error by not granting more time to Zee to file reply: NCLAT

NCLT committed an error by not granting Zee Entertainment sufficient time for filing reply to Invesco’s plea to convene an EGM, said National Company Law Appellate Tribunal (NCLAT) on Thursday.

The National Company Law Tribunal (NCLT) has been directed by the appellate tribunal to allow Zee reasonable and sufficient opportunity to file reply.

NCLT order directing Zee to reply within two days violated principles of natural justice, said NCLAT.

Section 98 of the Companies Act does not prescribe any time limit on NCLT to pass order, said NCLAT.

ZEEL moved the appellate tribunal after the NCLT on October 5 (Tuesday) directed the company to reply to Invesco’s petition by October 7 (Thursday).