Archive · 8 Aug 2025
Yes Bank Withdraws Insolvency Case Against Zee Learn
Yes Bank has stopped its legal action against Zee Learn.
Yes Bank had previously claimed that Zee Learn owed them a large sum of money.
Initially, a lower court agreed Zee Learn should go through an insolvency process, but this was overturned.
Yes Bank then appealed this decision.
Now, Yes Bank has changed its mind and dropped the case, ending the legal action against Zee Learn.
Yes Bank withdrew its Supreme Court appeal against Zee Learn on August 6.
The bank had alleged a ₹468.99 crore default by Zee Learn in 2023.
Yes Bank requested to drop the court proceedings on August 5.
The Supreme Court dismissed the appeal as withdrawn.
The case originated from an NCLT order for Corporate Insolvency Resolution Process (CIRP).
- Who
- Yes Bank and Zee Learn were the primary parties involved.
- What
- Yes Bank withdrew its appeal regarding insolvency allegations against Zee Learn.
- When
- The withdrawal occurred on August 5, 2025, with the order filed on August 6, 2025.
- Where
- The case was before the Supreme Court.
- Why
- Yes Bank no longer wished to pursue the matter.
Yes Bank's Initial Stance
Zee Learn's Initial Stance
Insolvency Allegations
Yes Bank's Initial Stance
Yes Bank initiated legal proceedings claiming a default of ₹468.99 crore from Zee Learn, seeking insolvency.
Zee Learn's Initial Stance
N/A
- Plaintiff
- Yes Bank
- Defendant
- Zee Learn
- Claimed Default
- ₹468.99 crore
- Original Court
- National Company Law Tribunal, Mumbai (NCLT)
- Appellate Court
- National Company Law Appellate Tribunal (NCLAT)