Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra

Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra

Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has alleged that Sony intentionally prevented a merger despite the Zee promoters’ offer – during extended negotiations – to have Punit Goenka step aside from the chief executive’s post. Chandra said Zee intends to sue the Japanese company for damages. The Zee founder also told Vinod Mahanta …

Read more

zee-Idbi case: NCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31

zee-Idbi case: NCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31

The National Company Law Appellate Tribunal (NCLAT) has scheduled a hearing for IDBI Bank’s plea against Zee Entertainment in a payment dispute case on August 31, 2023. IDBI Bank has challenged a previous order from the National Company Law Tribunal (NCLT) that rejected its request to initiate insolvency proceedings against Zee Entertainment, a major media …

Read more