The Delhi High Court on Tuesday said it saw no need to involve itself any further in a dispute between the Zee Group chairman Subhash Chandra and the Enforcement Directorate (ED) on the one hand and the Income Tax Department on the other after his counsel committed to file replies to ED queries within two weeks.

Chandra has been accused of violations under the Foreign Exchange Regulations Act (FERA) as well as the Income Tax Act, according to the Press Trust of India.

The ED queries relate to Chandra‘s passport, original intimation by him to the companies in which he was a director and copies of the company board‘s resolutions for audited balance sheets showing acknowledgement of his status as an NRI director. Chandra was also required to provide details of all assets acquired outside India as well as details of share debentures, movable and immovable properties acquired after becoming an NRI.

Zee‘s counsel told the court that complete details as required by the ED would be supplied within two weeks.

FINANCIAL RESULTS: In another development meanwhile, Zee Telefilms has informed the Bombay Stock Exchange that it will publish its audited financial results for the year ended 31 March on or before 30 June.

Cartoon Network has lined up three new franchises for the ongoing summer season. The franchises are the action packed Power Zone, comedy genre Cartoon Cartoon and timeless classic Acme Hour. These programmes will begin to air from 23 April, 4 May and 1 June respectively and will be available in English and Hindi.

Power Zone takes off from 23 April and will be telecast six days a week. The cartoon block will be aired between 9 am and 10 am and 3 PM to 4 PM on weekdays and on Saturday morning between 10 am and 12 noon. Kissan Fruit Kick, VGP Amusement Park and Funskool are the main sponsors.

Cartoon Cartoon will showcase original new episodes between 6:30 PM and 9 PM every Friday. Hosted by a different Cartoon Cartoon star every week, the series will have interactive elements.

Meanwhile, the ACME Hour featuring Loony Tunes characters such as Bugs Bunny, Daffy, Tweety, Porky, Elmer Fudd, Popeye and evergreen Tom and Jerry that launches in first week of June will be aired at 7 am from Monday to Thursday and at 7 PM on Fridays and again at 7 am and 8 am on weekends.

The network will also be re-launching its Toon Tamasha block as a weekend franchise. The telecast will be in three languages Hindi, English and Tamil.