Bombay High Court Bars Invesco From Calling Zee's Shareholders Meet
NDTV
Bombay High Court has granted an interim injunction against Zee Entertainment's shareholder Invesco, restraining it from calling a shareholders' meet
The Bombay High Court on Tuesday granted an interim injunction against Zee Entertainment Enterprise Limited's (ZEEL) largest shareholder Invesco, restraining the latter from going ahead with the requisition of an extraordinary general meeting (EGM) seeking removal of the ZEEL managing director and CEO Punit Goenka.
A single bench presided over by Justice Gautam Patel said, “I have granted an injunction to the respondents."
A detailed order of the court is awaited.
The high court had reserved its order on the issue last week after ZEEL had told the court that it was not willing to hold an EGM of shareholders as requested by its largest shareholder, Invesco.
