ZEE opposes Invesco’s petition in NCLT over jurisdiction and maintainability

Zee Entertainment Enterprises NSE -1.93 % Ltd (ZEE) on Monday opposed the petition filed by its largest investor on the ground of jurisdiction in the National Company Law Tribunal (NCLT) and maintainability.

When the matter came up in front of the Mumbai bench of NCLT, senior advocate Navroz Seervai, appearing for the entertainment company said, “I oppose this petition on several jurisdictional issues and issues of maintainability. We feel that the tribunal doesn’t have jurisdiction to hear this petition. We will argue when our turn comes but wanted to clarify this since these issues are very important. We will argue on this when the tribunal feels it necessary.”