Bombay High Court dismisses Zee Learn’s petition on moratorium on bonds1 min read 13 Jul 2020, 07:25 PM IST
'Zee learn’s petition seeking moratorium on payment under NCDs issued by the company was dismissed by Bombay High Court today,' said Shankh Sengupta, partner, Trilegal and counsel for UTI.
In ruling that would clarify stance on moratorium on bonds the Bombay High Court dismissed a petition by Zee Learn, an Essel Group company. Zee Learn had moved a writ petition seeking a moratorium on payment of non-convertible debentures (NCDs) dues to UTI Mutual Fund.
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