Zee Entertainment Enterprises Limited vs Indusind Bank Limited & Anr. & Ors. on 21 December, 2020
[See: Horlicks Ltd. & Anr. vs. Heinz India (Pvt.) Limited, 2009 SCC
OnLine Del 3342; and Cotton Corpn. of India Ltd. vs. United Industrial Bank
Ltd., (1983) 4 SCC 625]
9.3. The fact that Zee is a defaulter can be ascertained from a bare perusal of
the memorandum and the circular dated 21.11.2019 issued by the SEBI. These
I.A.
Signature Not No.
Verified 10556/2020 in CS (COMM) 500-2020 Page 15 of 30
Digitally Signed
By:VIPIN KUMAR RAI
Signing Date:22.12.2020
00:14:57
documents set out defaults by listed companies qua payment of
interest/repayment of principal amount against loans taken inter alia from
banks/financial institutions. SEBI is required to disclose this information.