NCLT Admits IBC Pleas Of IndusInd Against Zee Entertainment, Sonata Software Acquires Quant Systems

Описание: Zee Entertainment on Thursday was down by nearly 7 per cent after NCLT admits insolvency plea filed by IndusInd Bank against the company.

The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition media company Zee Entertainment Enterprises Ltd (ZEE) filed by its financial creditor IndusInd Bank, under Section 7 of the Insolvency and Bankruptcy Code (IBC).

Sonata Software North America Inc., a wholly-owned subsidiary of modernisation and digital engineering company Sonata Software Ltd. has signed definitive agreement to acquire 100 percent stake in Texas-based Quant Systems Inc., in what it calls the biggest-ever acquisition in the company's history.


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