NCLT adjourns hearing on Zee-Invesco matter to Oct 8

The National Company Law Tribunal (NCLT) on Thursday adjourned the hearing on Invesco’s petition seeking convening of shareholders’ meet by Zee Entertainment Enterprises Ltd (ZEEL), saying it will wait for the appellate tribunal’s order related to the matter.

The hearing was adjourned for Friday little over an hour after the National Company Law Appellate Tribunal (NCLAT) said it will pass an order later in the day in connection with the matter.

While the NCLT is hearing a petition filed by Invesco demanding convening of an Extraordinary General Meeting (EGM) of ZEEL, the company has moved the NCLAT seeking more time reply to the petition. 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).