The green light from the National Company Law Tribunal (NCLT) for the merger between Zee Entertainment Enterprises (ZEEL) and Sony Pictures Network India, now known as Culver Max Entertainment, has elicited positive sentiments from industry analysts. This significant development aligns with the ongoing efforts to merge the television networks, digital assets, production operations, and program libraries of the two entities.
The National Company Law Tribunal (NCLT) in Mumbai has rendered its verdict, affirming the merger scheme between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (formerly known as Sony Pictures Networks India). The judicial member Justice HV Subba Rao and technical member Madhu Sinha pronounced the decision after the tribunal had reserved its judgment on July 11, addressing concerns raised
National Company Law Tribunal (NCLT), Mumbai court restrained Future Group from calling shareholders meetings to seek approval for its proposed ₹24,713 crore asset sale to Reliance Industries Ltd, in a legal setback for the cash-strapped group. Following a hearing on Monday, the National Company Law Tribunal (NCLT) changed its earlier stance by stopping Future Group companies from holding the meetings.
The Supreme Court stayed all the proceedings before the Delhi High Court for four weeks related to the implementation of an award by Singapore’s Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail. A bench headed by Chief Justice N V Ramana, in a consent order, also directed
