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Zee Learn LimitedImportant, 06-01-2026: Disclosure of material issue

06-01-2026 | 03:00 pm

ZEELEARN update: NCLT Mumbai has approved the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Digital Ventures Private Limited (DVPL). This means DVPL is now out of the insolvency proceedings, and the moratorium has ceased.

**Issue:** Digital Ventures Private Limited (DVPL) was under a Corporate Insolvency Resolution Process (CIRP), initiated by Axis Bank Limited.

**Impact:** Positive. This development removes the insolvency overhang on DVPL, returning control of assets and records to its erstwhile management. This can be seen as a de-risking event related to DVPL.

**Company's Action:** The application for CIRP withdrawal, filed by the Resolution Professional and approved by 96.05% of the Committee of Creditors (CoC), has been successfully approved by the NCLT.

#ZEELEARN #DVPL #NCLT #Insolvency #CorporateUpdate

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