Sony Pictures Networks and Zee Entertainment The National Company Law Tribunal (NCL) at Mumbai on Friday issued notice to Zee Entertainment Enterprises in two pleas filed by Culver Max (erstwhile Sony Pictures Networks India) and Bangla Entertainment opposing Zee’s application seeking the implementation of the merger between Sony and Zee. Sony Pictures filed another application …
Mumbai: The Ministry of Corporate Affairs (MCA), which is investigating Zee Entertainment Enterprises Ltd (ZEEL) over alleged corporate governance violations, has written to the Securities and Exchange Board of India (Sebi) seeking details on its latest findings on fund diversion that have been cited in media reports, said people aware of the matter. The ministry’s …
Zee Entertainment, NCLT Mumbai Zee Entertainment Enterprises Limited has approached the National Company Law Tribunal (NCLT) in Mumbai to enforce a $10 billion merger scheme with Sony Pictures Network India. The merger scheme between the two had been announced on December 22, 2021, but was called off by Sony Pictures recently. Zee, however, has …
A new class of competition is disrupting legacy media in the world’s most-populous nation, leading to a second change in the ownership of a popular franchise in four years. Rupert Murdoch was the first to see the threat. Now it’s Bob Iger’s turn. The Walt Disney Co. boss is nearing a multi-billion-dollar deal to sell …
Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, …
The Securities Appellate Tribunal (SAT) on Wednesday refused to provide an interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, in SEBI case, reported ET NOW. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for …
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 …
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has decided to postpone the hearing of IDBI bank’s plea against Zee Entertainment until August 17. The private lender has challenged an NCLT order issued on May 19, which rejected its request to initiate insolvency proceedings against the media giant. During the hearing on Wednesday, the …
Mumbai: The Securities Appellate Tribunal has instructed Sebi, the market regulator, to designate a new whole-time member or a higher-grade officer to assess the objections raised by Zee promoters Punit Goenka and Subhash Chandra Goenka against an interim order targeted at them. The newly appointed whole-time member (WTM) would be responsible for scheduling a hearing …
The Securities Appellate Tribunal (SAT) granted permission for the appointment of an authorized officer by Sebi to handle the alleged fund diversion case involving Punit Goenka and Subhash Chandra, promoters of Zee Entertainment Enterprises Ltd. This decision was made due to the absence of whole-time members (WTM) within the Securities and Exchange Board of India …