Browsing: Crore

The Bombay National Company Law Tribunal (NCLT) on August 19 admitted PEN India Pvt. Ltd.’s insolvency plea against Reliance Entertainment Studios Pvt. Ltd. over a default of Rs. 11.94 crore. A bench comprising judicial member Nilesh Sharma and technical member Sameer Kakar held that an amount advanced under a Security Deposit Agreement can constitute a…

The Securities Appellate Tribunal (SAT) on Friday allowed Zee Entertainment Enterprises (ZEEL) and its managing director and CEO Punit Goenka to proceed with the proposed issue of fully convertible warrants to a promoter group entity, providing a temporary relief from the securities market debarment imposed by the Securities and Exchange Board of India (SEBI).