 "zee invesco")
The National Company Law Tribunal (NCLT) Mumbai bench directed Zee Entertainment Enterprises Ltd (ZEEL) to file its reply by October 22 to a petition moved by Invesco Developing Markets Funds.
Invesco, the largest shareholder of ZEE, seeks to remove the current MD and CEO, Punit Goenka and appoint six of its directors on the company's board.
The NCLT further said that Invesco can also decide to file a rejoinder to ZEEL’s reply on the same date. The move follows a National Company Law Appellate Tribunal (NCLAT) order on Thursday that granted ZEEL more time to file its reply.
In its order, the appellate
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