The Singapore International Arbitration Centre (SIAC) has denied application for emergency interim relief filed by Sony against Zee Entertainment, the latter said in a stock exchange filing on Sunday, February 4, confirming CNBC-TV18’s newsbreaking earlier today. The exchange filing quoted SIAC as saying that the Emergency Arbitrator has no jurisdiction or authority to injunct the …
The fate of the planned merger between Sony Group Corp.’s India unit and Zee Entertainment Enterprises Ltd. may be known as early as next week, according to people familiar with the matter, as the companies face a looming deadline to resolve their standoff or scuttle a long-awaited deal to create a $10 billion media giant. …
The Securities and Exchange Board of India may move Supreme Court against Securities Appellate Tribunal’s recent order that lifted ban on Zee Entertainment’s CEO Punit Goenka from the boardrooms of listed companies for a year. The capital markets regulator is taking legal views on appeal against SAT order that set aside SEBI’s ban on Goenka …
The Mumbai bench of the National Company Law Tribunal (NCLT) has granted approval for the merger between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). In its oral order, the bench has allowed the application for the merger. Earlier, on July 10, the division bench comprising of judicial member HV Subba Rao and …
Sony Group Corp. had high hopes for its entry into India’s television entertainment market by merging with Zee Entertainment Enterprises Ltd. However, the merger has been caught in a legal drama from the start. The Securities and Exchange Board of India (SEBI) accused Zee of faking loan recoveries and misusing funds, leading to a ban …