nclt: ZEEL addressed cases at NCLT, says CEO Punit Goenka

Zee Entertainment Enterprises (ZEEL) has addressed the legal cases connected to the company in the National Company Law Tribunal (NCLT), and those still pending before the tribunal do not pertain to the company, CEO Punit Goenka told analysts.

While stating that the company is evaluating all legal options to overcome any further hurdles to the impending merger between Zee and Sony, Goenka noted that the NCLT recently dismissed the IDBI’s insolvency plea against the company.

“With this, matters in the NCLT that are even remotely connected to the company have been addressed. The ones remaining in the tribunal are not pertaining to ZEEL,” he said during the earnings call.

Goenka conceded that legal matters have delayed the company’s merger deal with Sony.

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