NCLAT disposes appeal as ZEEL and IndusInd settle payment dues

Mumbai: Zee Entertainment and Induslnd Bank have reportedly announced that the dues between the two entities have been settled. Hence, the National Company Law Appellate Tribunal (NCLAT) has disposed of the National Company Law Tribunal (NCLT)’s order based on IndusInd’s appeal according to media reports.

Both parties have been asked to bear the cost of the interim resolution professional’s time.

The companies notified NCLAT that they have settled their payment dispute in March 2023.