News > IndusInd Bank moves NCLT against Zee Entertainment
IndusInd Bank moves NCLT against Zee Entertainment
National Herald | 05/02/2022 11:11 AM | Click to read full article
Lender IndusInd Bank has moved National Company Law Tribunal (NCLT) against Zee Entertainment over an alleged default of just over Rs 83 crore.
According to the filing, the company is a party to the 'Debt Service Reserve Account Guarantee Agreement' entered in to with lnduslnd Bank for the term loan facility advanced to 'Siti Networks'.
