Zee Learn Ltd Faces Insolvency Plea for ₹821 Cr Default

Zee Learn Ltd and its subsidiary Digital Ventures Private Limited (DVPL) have received legal notices from Asset Care & Reconstruction Enterprise Limited (ACRE). ACRE has filed applications before the National Company Law Tribunal (NCLT), Mumbai Bench, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against both companies. The alleged default amount is approximately ₹821 crores. Zee Learn and DVPL are consulting legal counsel to determine their next steps. The company will provide further updates on material developments.