NCLAT rejects IDBI Bank’s insolvency plea against Zee over Rs 150 cr dues

The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the insolvency plea filed by IDBI Bank against Zee Entertainment Enterprises Limited over unpaid dues of around Rs 150 crore. The appellate tribunal upheld an earlier order of the National Company Law Tribunal (NCLT), Mumbai, which said that IDBI Bank’s claims were covered under Section 10A of the Insolvency and Bankruptcy Code (IBC), 2016.