NCLAT allows more time to Zee to file reply to Invesco's plea for holding of EGM

COMPANY LAW : Where respondent, foreign portfolio investor and shareholder of appellant (Zee), had filed petition before NCLT for holding of Extraordinary general meeting of appellant as soon as possible and NCLT by impugned order granted only two days to appellant to file its reply to company petition, it was held that NCLT had committed an error in not granting reasonable and sufficient time for filing a reply, which was a complete violation of rule 37 of NCLT Rules, 2016

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