Breaking Zee files application seeking recall of NCLT order sanctioning merger with Sony

[Sankalp]

Zee Entertainment Enterprises has filed an application with the National Company Law Tribunal (NCLT) seeking the recall of the tribunal's August 10, 2023 order, which sanctioned the merger scheme with Sony Group Corporation's India media units, Culver Max Entertainment and Bangla Entertainment.

Zee files application seeking recall of NCLT order sanctioning merger with Sony

Zee Entertainment has filed an application with the NCLT to recall the order sanctioning its merger with Sony's India media units. Zee and Sony announced a comprehensive settlement, resolving all disputes related to their failed merger.

www.google.com

 

[Jaffer7080]

Hope this time it works out smoothly and merger process starts asap and completes soon.

 

[L3G3ND]

Hope this time it works out smoothly and merger process starts asap and completes soon.

??

 

[Shark]

Can anyone share what this article want to say in simple words

 

[coolwater0055]

i believe they are just withdrawing cases in arbitration court against each other. It is not about reviving merger process again.

 

[Sankalp]

i believe they are just withdrawing cases in arbitration court against each other. It is not about reviving merger process again.

Bro read article properly zee saying to nclt to remove approval of Sony zee merger, zee is not reviving merger.

 

[Sankalp]

Why zee is trying to remove nclt approval of Sony zee merger ?

 

[coolwater0055]

Bro read article properly zee saying to nclt to remove approval of Sony zee merger, zee is not reviving merger.

i also said it is not reviving merger. Zee had filed a case that they spent crores of rupees for merging for which they need compensation. They might be withdrawing cases against each other.

 

[Aksgr]

Why zee is trying to remove nclt approval of Sony zee merger ?

Caz they are not merging.