The Supreme Court set aside court orders requiring news agency Bloomberg to remove an article that claimed a $241 million accounting error had been discovered in the books of Zee Entertainment Enterprises Ltd (ZEEL).
A Bench of Chief Justice of India (CJI) DY Chandrachud with Justices JB Pardiwala and Manoj Misra also voiced displeasure with previous rulings made in the case by the Delhi High Court and a trial court.
The apex court underlined that the Threefold Test for Grant of an Injunction should have been adequately evaluated by the High Court based on an evaluation of the facts.
The Supreme Court was hearing an appeal against a March 14 Delhi High Court order that had upheld an ex-parte trial court order directing Bloomberg to take down its article.
In the said report, titled India Regulator Uncovers $241 Million Accounting Issue at Zee, it was alleged that the SEBI had found a $241 million accounting irregularity in the books of Zee Entertainment.
Following the article's publication on February 21, ZEEL filed a defamation suit before a Delhi district court against Bloomberg and its journalists Anto Antony, Saikat Das and Preeti Singh.
A trial court ordered Bloomberg to take down its article in an interim order. The Delhi High Court upheld this injunction order on March 14. Bloomberg was given three days' time to comply with the takedown directive by the High Court.
This High Court decision was then challenged by Bloomberg before the Supreme Court.
A Bench of Chief Justice of India (CJI) DY Chandrachud with Justices JB Pardiwala and Manoj Misra also voiced displeasure with previous rulings made in the case by the Delhi High Court and a trial court.
The apex court underlined that the Threefold Test for Grant of an Injunction should have been adequately evaluated by the High Court based on an evaluation of the facts.
The Supreme Court was hearing an appeal against a March 14 Delhi High Court order that had upheld an ex-parte trial court order directing Bloomberg to take down its article.
In the said report, titled India Regulator Uncovers $241 Million Accounting Issue at Zee, it was alleged that the SEBI had found a $241 million accounting irregularity in the books of Zee Entertainment.
Following the article's publication on February 21, ZEEL filed a defamation suit before a Delhi district court against Bloomberg and its journalists Anto Antony, Saikat Das and Preeti Singh.
A trial court ordered Bloomberg to take down its article in an interim order. The Delhi High Court upheld this injunction order on March 14. Bloomberg was given three days' time to comply with the takedown directive by the High Court.
This High Court decision was then challenged by Bloomberg before the Supreme Court.
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