Bombay HC asks Zee promoter to deposit ₹61.6 crore over default to Axis Finance Axis Finance, a non-banking subsidiary of Axis Bank, had petitioned the high court to recover loans given to Cyquator Media. The company defaulted on interest payments and pledged shares to other lenders while persistently defaulting on its obligations towards Axis Finance.
Bombay HC asks Zee promoter to deposit ₹61.6 crore over default to Axis Finance
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