The Indian Performing Right Society (IPRS) has filed an insolvency case against Zee Entertainment Enterprises, seeking a payment of over Rs 211 crore.

"A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code by the Indian Performing Right Society (IPRS), an operational creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the company," Zee said in its regulatory filing.

IPRS is claiming a debt and default of Rs 211,41,82,521 towards royalty payable for utilisation of “literary and musical works”. 

Zee Entertainment will be filing its reply rejecting the claim on the ground that there was a pre-existing dispute between the parties on the claimed amount.

"The claim is not in consonance with the interpretation of the law on the point of payment of royalties for 'literary and musical works' by the Delhi High Court, and hence, the claimed amount is not due or payable to IPRS," Zee said.

Last month, IDBI Bank had moved the NCLT against Zee, seeking an insolvency proceeding against the firm to recover dues of Rs 149.60 crore.

Zee had disputed the claim, saying it arose under a Debt Service Reserve Agreement it signed with the bank for the financial assistance availed by Siti Networks, an Essel group company.

Last year, private lender IndusInd Bank sought redressal from the bankruptcy court against Zee for an alleged default of Rs 89 crore.