Since the Chairperson-led panel was already overseeing IDBI’s insolvency plea against Zee Entertainment Enterprises Limited (ZEEL), it was fitting for the same bench to handle these appeals.(Representative Image: Markus Winkler via Unsplash)On October 31, the National Company Law Appellate Tribunal (NCLAT) reassigned the appeals lodged by Axis Finance and IDBI Bank, challenging the National Company Law Tribunal’s (NCLT) approval of the Zee-Sony merger, to the bench presided over by the Chairperson. As per the bench, since the Chairperson-led panel was already overseeing IDBI’s insolvency plea against Zee Entertainment Enterprises Limited (ZEEL), it was fitting for the same bench to…
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NCLAT transfers Axis Finance and IDBI Bank appeals on Zee-Sony Merger to chairperson led bench
