{"id":1030290,"date":"2026-08-21T08:36:57","date_gmt":"2026-08-21T03:06:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1030290"},"modified":"2026-08-21T08:47:54","modified_gmt":"2026-08-21T03:17:54","slug":"nclt-admits-pen-indias-plea-against-reliance-entertainment-studios","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/21\/nclt-admits-pen-indias-plea-against-reliance-entertainment-studios\/","title":{"rendered":"NCLT admits Pen India&#8217;s plea against Reliance Entertainment Studios"},"content":{"rendered":"<p>Mumbai: The National Company Law Tribunal (NCLT), Mumbai, has admitted a Section 7 insolvency petition filed by film company Pen India against Reliance Entertainment Studios, initiating the corporate insolvency resolution process (CIRP). <\/p>\n<p>The petition arose from a \u20b920-crore security deposit agreement dated November 14, 2022, under which Pen India disbursed the amount to Reliance Entertainment Studios. The agreement provided for interest at 21% per annum, compounded monthly. Pen India claimed a default of \u20b911.94 crore, with June 30, 2024 stated as the date of default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The National Company Law Tribunal (NCLT), Mumbai, has admitted a Section 7 insolvency petition filed by film company Pen India against Reliance Entertainment Studios, initiating the corporate insolvency resolution process (CIRP). The petition arose from a \u20b920-crore security deposit agreement dated November 14, 2022, under which Pen India disbursed the amount to Reliance Entertainment Studios. The agreement provided for interest at 21% per annum, compounded monthly. Pen India claimed a default of \u20b911.94 crore, with June 30, 2024 stated as the date of default.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,4,10],"tags":[],"class_list":["post-1030290","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1030290"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030290\/revisions"}],"predecessor-version":[{"id":1030291,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030290\/revisions\/1030291"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1030290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1030290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1030290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}