Operational creditor has filed Rs 211-cr insolvency case: Zee Entertainment

Firm says it will fileits reply rejecting the claim on the ground that there was a pre-existing dispute between the parties on the claimed amount

An operational creditor has filed a Rs 211-crore insolvency case against Zee Entertainment Enterprises (Zee), the media company disclosed to the stock exchanges on Monday.

"A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code by the Indian Performing Right Society, an Operational Creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the Company," Zee said.

The company said it would be filing its reply rejecting the claim on the ground that there was a pre-existing dispute between the parties on the claimed amount.

"The claim is not in consonance with the interpretation of the law on