Zee learn has announced the dismissal of a petition filed against it by Axis Bank Limited at the National Company Law Tribunal (NCLT), Mumbai. The company informed stock exchanges on April 10, 2026, that the petition has been dismissed as withdrawn, bringing closure to the insolvency proceedings.

NCLT Order Details

The National Company Law Tribunal, Mumbai Bench Court III dismissed Petition No. 1126 of 2023 titled "Axis Bank Limited vs. Zee Learn Limited" as withdrawn during a hearing conducted on March 19, 2026. The order was passed by a coram comprising Ms. Lakshmi Gurung, Member (Judicial) and Sh. Hariharan Neelakanta Iyer, Member (Technical).

Legal Proceedings Update

During the hearing, the learned counsel for Axis Bank Limited (petitioner) submitted that they had instructions to withdraw the present petition. Consequently, the tribunal dismissed CP 1126/2023 as withdrawn. All pending interim applications, including I.A. 2029/2024 filed under Section 60(5), also stand disposed of.

The legal representatives included Advocate Jojongandha Ray along with Advocate Tine Abraham appearing through video conference for the petitioner, while Advocate Abha Patel from Fortis India Law represented Zee Learn Limited as the respondent.

Official Communication

Zee Learn Limited received official confirmation through an email dated April 9, 2026, from the Hon'ble National Company Law Tribunal, Mumbai. The company stated that pursuant to this communication, a copy of the order has been uploaded on the official website of the Hon'ble NCLT, Mumbai, and made available for public access.

This development follows the company's earlier intimation dated March 20, 2026, regarding the dismissal of the petition as withdrawn. The company has provided a copy of the NCLT order to stock exchanges for their records and requested them to take the information on record.

Zee Learn Limited has announced the appointment of Ms. Nanette D'sa as an Additional Director in the category of Non-Executive Non-Independent Director, effective April 02, 2026. The appointment was approved by the Board of Directors through a resolution passed by circulation, following the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The company has informed stock exchanges BSE and NSE about this corporate governance development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. D'sa's appointment has been made in accordance with the applicable provisions of the Companies Act, 2013, and Listing Regulations.

Professional Background

Ms. Nanette D'sa brings approximately three decades of rich experience across multiple domains including academics, business, marketing, branding, franchising and licensing. Her career has been marked by leadership roles in various organizations, with significant expertise in the education sector.

Educational Qualifications and Experience

• Education: Executive Development Program from Northwestern University, USA
• Advanced Qualification: Master's in Marketing Management from NMIMS
• Recognition: Multiple awards for achievements in marketing, licensing and franchising

Professional Associations

Ms. D'sa has been associated with several prominent brands throughout her career:

• International Brands: Disney, Mattel, Star TV
• Education Sector: Pre-schools with Brainworks (a Kangaroo Kids associated company)
• Hospitality: Sanjeev Kapoor Restaurants

Regulatory Compliance

The company has confirmed that Ms. D'sa meets all regulatory requirements for the directorship position. She has provided confirmation that she is not debarred from holding the office of Director pursuant to any SEBI order or any other regulatory authority.

As an Additional Director, Ms. D'sa will hold office until the ensuing General Meeting or within a period of three months from the date of appointment, whichever is earlier, in accordance with Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The office of the Director shall be liable to retire by rotation subject to the approval of members.