Private sector lender Axis Bank has filed a petition against Zee Learn before the National Company Law Tribunal seeking insolvency proceedings

Axis Bank moves NCLT to seek insolvency proceedings against Zee Learn

Zee Learn has not mentioned the amount claimed by Axis Bank.

Axis Bank Takes Zee Learn To Bankruptcy Court

The company will collect all the necessary information required to verify the claims made, it said.

Axis Bank Files Insolvency Petition Against Zee Learn

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Under Section 7 of the Insolvency and Bankruptcy Code (IBC), a financial creditor can get insolvency proceedings initiated against the corporate debtor concerned. YBL had claimed a default of Rs 468.99 crore by the Essel Group company. Out of the default amount of Rs 468.99 crore, the principal amou…

NCLAT sets aside insolvency proceedings against Zee Learn, directs NCLT to decide afresh

The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order allowing insolvency proceedings against the Essel group firm Zee Learn and directed the Mumbai bench of NCLT to pass a fresh order.

NCLAT halts NCLT’s order allowing insolvency proceedings against Zee Learn

ZEE’s profit fell due to exceptional items pertaining to revenue recognition of Siti Networks, impairment of NCDs from Zee Learn, merger-related costs and provision for DSRA.

ZEE Entertainment shares drop on Q3 results, ahead of NCLT hearing. Will the stock test 52-week low?

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Zee Learn Limited is an education company engaged in the operation of a chain of K-12 schools and pre-schools.

Zee Learn Ltd