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ZEE-Sony matter in NCLT, SIAC
The Morning Standard
|January 25, 2024
SONY GROUP'S decision to terminate its merger scheme with Zee Entertainment Enterprises (ZEEL) is heading towards a legal battle as the home-grown media & entertainment company has moved the National Company Law Tribunal (NCLT), Mumbai bench seeking directions to implement the merger scheme.
ZEEL has also initiated legal action to contest Culver Max and BEPL's claims in the arbitration proceedings before the Singapore International Arbitration Centre (SIAC). Culver Max was formally known as Sony Pictures Networks India (SPNI) and Bangla Entertainment Pvt limited (BEPL) is its wholly owned subsidiary.
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