NCLAT ruling a ‘default’ stay on other Zee insolvency cases

The stay ordered by the National Company Law Appellate Tribunal (NCLAT) on initiation of insolvency proceedings against Zee Entertainment Enterprises will also result in other petitions against the media firm being kept in abeyance. The National Company Law Tribunal (NCLT) will await the appellate tribunal’s final orders before it starts hearing other insolvency petitions.