Zee Learn Limited has informed the Exchange about Intimation of Withdrawal of Appeal by lender before the Hon ble Supreme Court of India in CIRP matter against Zee Learn Limited.
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J.C. Flowers Asset Reconstruction Private Limited (which had taken over Yes Bank's loan exposure to Zee Learn) has withdrawn its appeal before the Supreme Court of India in the CIRP matter against the company. The Supreme Court has dismissed the appeal as withdrawn during the hearing on August 5, 2025. This means the earlier NCLAT order from February 2023, which had set aside the NCLT's admission of Zee Learn into insolvency, now stands as the final outcome. The company is no longer under threat of insolvency proceedings from this lender.
Positive for shareholders — the long-pending insolvency overhang from the Yes Bank case is now conclusively resolved in Zee Learn's favour, removing a major risk to the stock and the company's operations.