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Zee-Invesco court war: Division bench sets next hearing on November 29

Zee’s largest shareholders Invesco and OFI Global approached the bench on Thursday, challenging an October 26 Bombay HC ruling.

October 29, 2021 / 02:05 PM IST
ZEEL | Representative image

ZEEL | Representative image

A division bench of the Bombay High Court, led by Justices Kathawalla and Milind Jadhav, has deferred the next hearing in the Zee Entertainment’s war against Invesco till November 29.

The matter came up for hearing on October 29 after Zee’s largest shareholder Invesco and OFI Global approached the bench on Thursday, challenging an October 26 Bombay High Court ruling.

Judge Gautam Patel had granted an injunction against Invesco’s call for an extraordinary general meeting (EGM) on October 26. The court had observed that directing Zee to call an EGM would be potentially non-compliant. It said that there was a fundamental flaw in Invesco’s construct.

On October 27, the counsel appearing for OFI Global China Fund, Janak Dwarkadas, told the National Company Law Tribunal (NCLT) that they might move an appeal against the order.