The Delhi High Court Today affirmed the order for Bloomberg to retract a report alleging a $241 million accounting irregularity at Zee Entertainment. The court demanded immediate compliance, rejecting Bloomberg’s plea for a delay. Zee’s legal representative criticized the lack of evidence supporting the allegations, highlighting the clash between corporate accountability and journalistic freedom.
On 7th March, The Delhi High Court reserved judgment on Bloomberg’s appeal against a directive to withdraw a report alleging a $241 million accounting anomaly at Zee Entertainment. Both parties presented their arguments, emphasizing the controversy’s impact on media freedom and business interests. The court’s impending decision will have significant implications for the involved parties and media industry at large.
Bloomberg, a renowned global news and media platform, has approached the Delhi High Court challenging a trial court’s directive to remove an article deemed defamatory towards Zee Entertainment Enterprises Limited. The contentious piece, published on February 21, titled “India Regulator Uncovers $241 Million Accounting Issue at Zee,” has sparked significant controversy and legal action. Also […]