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IPRS Withdraws Insolvency Plea Against Zee Entertainment
Although the terms of settlement between Zee Entertainment and IPRS are not available in the public domain, the two parties have mutually agreed to settle the dispute confirmed Zee Entertainment in a regulatory filing.
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The Indian Performing Right Society has withdrawn its insolvency plea against Zee Entertainment Enterprises.
According to Zee Entertainemnent's regulatory filing with the stock exchanges, the 211 crore royalty dispute with the artists' representative body has been settled.
Although the terms of settlement between Zee Entertainment and IPRS are not available in the public domain, the two parties have mutually agreed to settle the dispute confirmed Zee Entertainment in the regulatory filing.
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