Will Zee now have to hold the EGM as demanded by Invesco Fund?

The Bombay High Court has asked Zee Entertainment to summon an EGM of shareholders at the earliest as sought by Invesco Fund. Invesco, which owns 17.88% in Zee, has been asking for the EGM to debate the removal of Punit Goenka from the post of MD and CEO and also have six of its own nominees on the board. Whatever resolution is passed at the EGM, will be put on hold pending the final order by Bombay High Court.