Delhi High Court grants interim relief for Zee Entertainment Enterprises Ltd

NEW DELHI: The Delhi High Court in an interim relief to Zee Entertainment Enterprises Ltd stayed IDBI Trusteeship and Franklin Templeton from selling or transferring the company's shares worth Rs 740 million, after the court admitted an appeal filed by Zee.

A division bench of the high court presided by Justices Rajiv Sahai Endlaw and Asha Menon admitted the appeal challenging the order passed by the single judge bench of the court. The orders were passed while the two judge bench was hearing an application filed by Cyquator Media Services Pvt Ltd, the holding company of Zee Entertainment. Advocate Vijay Aggarwal had filed the plea seeking the stay on invoking pledge on the shares. (IANS)

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