NCLAT dismisses IDBI Bank's insolvency plea against ZEE worth ₹150 crore: Reports

NCLAT rejected IDBI Bank's appeal against Zee Entertainment, upholding NCLT's ruling that the insolvency petition was not maintainable due to the COVID-19 moratorium. IDBI Bank may initiate fresh proceedings for defaults outside the protected period under IBC, 2016.

Markets