Snippets Column

Zee Entertainment moves NCLT against Sony for calling off Merger

Zee Entertainment on Wednesday said it has approached the National Company Law Tribunal against Sony’s decision to call off the proposed merger. Besides, it has also initiated appropriate legal action to contest Sony’s claims of USD 90 million (around Rs 748.5 cr) as a termination fee, for which the Japanese firm has moved the Singapore International Arbitration Centre (SIAC). In a regulatory filing, Zee Entertainment Ltd (ZEEL) said it has asked Culver Max and Bangla Entertainment PVT Ltd (BEPL) to immediately withdraw the termination and confirm that they will perform their obligations to give effect to and implement the merger scheme, sanctioned by the National Company Law Tribunal (NCLT). The company has approached the Mumbai bench of NCLT, seeking directions to implement the merger scheme, it added. Further, the company has initiated appropriate legal action to contest Culver Max and BEPL’s claims in the arbitration proceedings before the SIAC, the filing said.

Naiteek Bhatt

Recent Posts

PM Carney Vows To Defend Canadian Economy Against Trump’s Tariff Threat

PM Mark Carney reaffirmed his government’s resolve to shield Canadian industries from the impact of…

17 mins ago

NSA Doval Rebukes Foreign Media Over Misreporting Of ‘Operation Sindoor’

At the 62nd IIT-Madras convention, NSA Ajit Doval condemned foreign media coverage of Operation Sindoor,…

47 mins ago

Gautam Adani: ‘Spine Is Both Medical Miracle & Corporate Necessity For Self-Belief’

Adani Group Chairman Gautam Adani emphasised the significance of the human spine both medically and…

49 mins ago

Still Choosing Each Other: Divyanka-Vivek Celebrate 9 Years Of Togetherness

Divyanka and Vivek celebrate 9 years of togetherness, also sharing a special message that they…

2 hours ago

Anil Kumble Backs Nitish Kumar Reddy; Urges India To Stay Consistent With Team Selection

Former India captain Anil Kumble praised Nitish Kumar Reddy for his impactful performance on Day…

3 hours ago

Indian Astronaut Shubhanshu Shukla To Begin Return From ISS On July 14; Confirms Axiom Space

Indian astronaut Shubhanshu Shukla, currently aboard the International Space Station, will begin his return journey…

3 hours ago