NCLT asks Zee to file reply on Invesco’s plea for EGM by Oct 7

The National Company Law Tribunal (NCLT) on Tuesday directed Zee Entertainment Enterprises to submit reply on a petition filed by Invesco and OFI Global China by Thursday.

The tribunal said the matter of the dispute is simple – whether the extraordinary general meeting (EGM) requisition is valid or not and it cannot give Zee Entertainment Enterprises ‘weeks and weeks’ of time for filing its reply to the same.

“Orders cannot be passed with an opportunity of filing a counter… and we are of the view that minimum opportunity time should be given,” the tribunal, comprising Bhaskara Pantula Mohan and Narendra Kumar Bhola, said in an oral order.