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
The Securities Appellate Tribunal (SAT) has issued a stay on the Insurance Regulatory and Development Authority of India’s (IRDAI) order to transfer the life insurance business of Sahara India Life Insurance Company Ltd to SBI Life Insurance Company Ltd. SAT emphasized that there is “no tearing hurry” for such a transfer and expressed surprise that the order was made without
