Columbus Indian Community - OHIndian.com
| | | | | | | | | | | |
 


 

Bloomberg ordered to remove defamatory article against ZEE

Author : IANS

Media Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

New Delhi, March 1 (IANS) A Delhi court on Friday ordered Bloomberg Television Production Services India Pvt Ltd (Bloomberg) to take down the defamatory article published against ZEE Entertainment Enterprises Ltd (ZEE) on February 21.

In relief to ZEE, Additional District Judge, Harjyot Singh Bhalla held that it had made out a prima facie case for passing ad interim ex-parte orders of injunction and directed Bloomberg to take down the defamatory article from its platform within one week of receipt of the order.

Bloomberg was also restrained from posting, circulating, or publishing the article on any online or offline platform till the next date of hearing.

ZEE, in its suit, argued that the Bloomberg article which mentioned details relating to the corporate governance and business operations of ZEE, were inaccurate in nature and led to a 15 per cent drop in share price of the company, eroding investor wealth. It said that the “false and factually incorrect” article was published, with a pre-meditated and mala fide intention to defame the company.

The article, it said, incorrectly published that Securities and Exchange Board of India (SEBI) has found a $241 million accounting issue at the company, whereas there is no such order from the mentioned regulator.

Despite the company firmly refuting the same, the article incorrectly published financial irregularities in ZEE, without the basis of any order from the regulator, ZEE said.

Counsel for ZEE argued in the hearing on Wednesday that irreparable loss and injury may be caused to the company if the injunction, as prayed for, was not granted.

--IANS

spr/vd


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: 'They are just one knock away,' PBKS' Sanjay Bangar backs top-order to fire soon

Salman Khan case: 2 shooters nabbed from Pakistan-bordering Kachchh, sent to 10-day police custody (Lead)

IPL 2024: Ashwin back from injury as Rajasthan Royals opt to bowl against Kolkata Knight Riders

Salman case: 2 shooters nabbed from Pakistan-bordering Kachchh, sent to 10 days police custody (Lead)

IPL 2024: Ashwin back from injury as Rajasthan Royals opt to bowl first against Kolkata Knight Riders