NEW DELHI: A Delhi Classes Court docket has ordered Bloomberg Tv Manufacturing Companies India to take away an article revealed towards Zee Leisure Enterprises on February 21 after the latter argued that the article was “false and factually incorrect, with a premeditated and malafide intention to defame the corporate.”
“Consequent to the publishing of the article, the corporate and its buyers have suffered economically, in as a lot as, the inventory value of the corporate fell by nearly 15% due to the circulation of the defamatory materials,” stated Zee in an announcement.
“The article by Bloomberg, incorrectly revealed that the Securities and Change Board of India (SEBI) has discovered a $241 million accounting concern on the firm; whereas there isn’t a such order from the talked about regulator. Regardless of the corporate firmly refuting the identical, the article incorrectly revealed monetary irregularities in Zee, with out the premise of any order from the regulator,” the Zee assertion learn.
The counsel for ZEE argued earlier than the decide that irreparable loss and harm could also be induced to the corporate if the injunction as prayed for was not granted.
Granting aid to ZEE in a listening to performed on 1st March 2024, Further District Decide, Harjyot Singh Bhalla pronounced that ZEE has made out a prima facie case for passing advert interim ex-parte orders of injunction.
The decide directed Bloomberg to ”take down the defamatory article from its platform inside one week of receipt of the order,” additional restraining the platform from posting, circulating or publishing the article on any on-line or offline platform until the following date of listening to.
