Auction will, however, be subject to the final orders of Supreme Court...

Earlier this January, IPRS moved NCLT against Zee claiming default of Rs 211.41 crore...

This follows NCLAT last week allowing lenders of RelCap to hold extended challenge mechanism ...

The order also said the creditors had the power to negotiate and call for a higher bid for the sale of the Anil Ambani-promoted company...

A two-member bench set aside an order passed by NCLT and said the Committee of Creditors has the power to negotiate and call for a higher bid...

This comes after the National Company Law Appellate Tribunal stayed insolvency proceeding against ZEEL on Friday...

The stock of the firm plunged 6.44 per cent in the mid-session trade at Rs 183 on the BSE...

The appellate tribunal asks Shapoorji Pallonji & Co to pursue arbitration proceedings for pending claims...

Mumbai bench of NCLT had admitted insolvency plea against Zee by IndusInd Bank, that was challenged by Punit Goenka...

The stock ended 1.58 per cent lower at Rs 195.60 apiece on the BSE...