Zee Learn Limited has submitted a regulatory disclosure to BSE Limited and The National Stock Exchange of India Limited regarding developments in its Corporate Insolvency Resolution Process proceedings.
The company received an email from the National Company Law Tribunal (NCLT), Mumbai Bench, dated June 17, 2026, regarding Order dated June 8, 2026, passed in C.P. (IB)/301/MB/2022.
The NCLT order records the submission made by learned counsel for Asset Care & Reconstruction Enterprise Limited (ACRE), the successor of JC Flowers Asset Reconstruction, along with Yes Bank Limited. The lenders stated that they have decided to withdraw the Company Petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, and that an appropriate application for withdrawal shall be filed in this regard.
Zee Learn Limited specifically clarifies that the Hon'ble Tribunal has only recorded the submission of the lenders regarding the proposed withdrawal of the insolvency petition. The disclosure is made as a continuation of earlier disclosures related to the Corporate Insolvency Resolution Process proceedings initiated against the company.
The intimation is signed by Anil Gupta, Company Secretary & Compliance Officer of Zee Learn Limited, and is addressed to the Corporate Relationship Department of both stock exchanges.