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On 22 January, Sony Group Corp., the Japanese parent of Sony Pictures Networks India (SPNI) and Bangla Entertainment Pvt. Ltd (BEPL), had announced the termination of the $10-billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.

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Capital Structure As on March 31, 2024 Share Capital ...

Culver Max Entertainment is seeking a $90 million termination fee from Zee Entertainment Enterprises due to alleged breaches of the Merger Co-operation Agreement (MCA). Zee denies the allegations and states that it holds all rights in the matter, suggesting legal action may be taken.

In a board meeting today, ZEE Entertainment Enterprises (ZEEL) Board of Directors noted that all efforts and steps were taken by the company in line with the Merger Cooperation Agreement, approved by its shareholders and all regulatory authorities, , Sony-Zee Merger

Sony while terminating the merger agreement with Zee Entertainment is seeking termination fee of USD 90 million on account of alleged breach by ZEEL of the terms of the MCA while also invoking arbitration against the company and seeking ...

Zee Entertainment said it categorically refutes all claims and assertions made by Culver Max and BEPL regarding alleged breaches of the MCA by ZEEL

ORDERS/JUDGMENTS [NOMINAL INDEX PROVIDED AT THE BOTTOM] Beneficiary Of Acquired Land Cannot File Reference U/S 28A(3) Of Land Acquisition Act, 1894: Allahabad High Court Case Title: Rajendra...

Supreme Court State Amendments Made To VAT Acts After GST Came Into Effect Are Invalid : Supreme Court Case Title: The State of Telangana & Ors. V. M/S Tirumala Constructions., Civil Appeal...

The Sony-Zee mega merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasnt yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL).