Bloomberg moves Delhi HC challenging trial court order to remove article on Zee Entertainment
Bloomberg on Wednesday moved the Delhi High Court challenging the trial court's order directing it take down an article on Zee Entertainment claiming that SEBI has found accounting irregularities of nearly US $240 million at the company.
The High Court allowed the urgent listing of the matter for March 7, 2024.
On March 1, 2024, a city court directed Bloomberg Television Production Services India Pvt. Ltd. (Bloomberg) to remove a news article published against media major ZEE Entertainment Enterprises Ltd (ZEEL) from its online platform.
The Additional District Judge H S Bhalla directed Bloomberg «to take down the article dated Feb 21, 2024, from online platform within one week of receipt of this order.»
It further restrained Bloomberg «from posting, circulating or publishing the aforesaid article in respect of the plaintiff on any online or offline platform till the next date of hearing.»
The court's direction came over a suit filed by ZEEL against Bloomberg, in which it submitted that the article by Bloomberg has damaged its reputation.
Bloomberg had published an article titled «India Regulator Uncovers $241 Million Accounting Issue at Zee» which was «defamatory» and was published to malign its image.
ZEEL in a statement said it argued in front of the Court that the article published by Bloomberg was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company.
«The article mentioned details pertaining to the corporate governance and business operations of ZEE, which
