Zee approaches NCLAT against NCLT order on Invesco’s plea for EGM

Zee Entertainment Enterprises has on Wednesday moved the appellate tribunal — National Company Law Appellate Tribunal (NCLAT) — against the NCLT order, which asked for a reply to Invesco’s application by October 7. The company is seeking more time to file its reply in the matter and is also seeking a stay on the proceedings at the tribunal till the matter is decided at the appellate tribunal.

“The company has moved to National Company Law Appellate Tribunal (NCLAT) in accordance with the due process available under the law. The company has also filed a suit in Bombay High Court to declare that the requisition notice sent by Invesco Developing Markets Fund and OFI Global China Fund LLC is invalid,” a company spokesperson said.