IndusInd Bank moves NCLT against Zee Entertainment over Rs 83 crore default

“Zee said that it was a party to the Debt Service Reserve Account Guarantee Agreement entered into with lnduslnd Bank for the term loan facility advanced to Siti Networks.” IndusInd Bank Limited has moved National Company Law Tribunal (NCLT), Mumbai Bench claiming default of Rs 83 crore by Zee Entertainment. “An application has been filed against …

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