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

Zee Entertainment and IndusInd Bank, on Monday, said that the company had cleared all the dues to the bank, and as a result, the National Company Law Appellate Tribunal (NCLAT) disposed of the appeal, Moneycontrol reported.

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. The NCLAT has also set aside NCLT’s order allowing the admission of ZEEL for insolvency.