Bombay HC asks Zee to call the EGM as requisitioned by Invesco

Any resolution passed at the extraordinary general meeting will be put on hold until the Bombay High Court decides on the legality of the Invesco's request for such a meeting

In a setback for Zee Entertainment Enterprises, Bombay High Court on Thursday asked the company to call an EGM as requisitioned Zee's largest shareholder Invesco. The bench suggested a neutral chairperson, including anyone from the corporate world, lawyer or retired judge should head the meeting. 

Zee said it will inform the court of the EGM date by Friday morning.

Zee Entertainment agreed to call EGM only if its right to contest validity of resolution is reserved.

Any resolution passed at the extraordinary general meeting will be put on hold until the Bombay High Court decides on the legality of the Invesco's request for