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

The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday has given time till October 7 to Zee Entertainment Enterprises to file its reply to the top shareholder Invesco Developing Markets Fund’s application seeking an EGM. Zee had argued that it should be given enough time to reply to the application because it was under the impression that the arguments put forth by Invesco were for an ad-interim relief and not for the final disposal of the matter.

Zee Entertainment Enterprises, represented by Navroz Seervai, argued that the application moved by Invesco Developing Markets Fund and OFI Global China Fund LLC should be dismissed on the grounds that they are seeking a final relief in the matter in the garb of an ad-interim relief,