Zee Entertainment Enterprises Ltd (ZEEL) and its largest shareholder, the Atlanta, Georgia-based Invesco fund, has once again put the spotlight back on Indian companies’ transparency and corporate governance norms. In a recent corporate war, the Tata group versus Cyrus Mistry, the estranged former group chairman, the Mistry camp accused the Tatas of corporate governance lapses and lack of transparency.

The Supreme Court did not find any merit in the charges, and Mistry’s petition was dismissed.