Indiabulls had moved the Tribunal under Section 95 of the Insolvency and Bankruptcy Code (IBC) over outstanding loan amounts to be furnished by Chandra.
Best Media Info: During the hearing, Zee's counsel argued before the tribunal that the company's CEO and MD Punit Goenka should not be considered synonymous with the company itself and therefore the scheme should not | Television News
The Zee-Sony merger announced in 2021 was set to create a $10 billion TV enterprise, with Goenka becoming the merged entity s managing director and CEO, but regulatory approvals are still pending.
The merger between Zee Entertainment and the Indian unit of Japan s Sony will go through, whether or not he is the CEO of the merged company, Punit Goenka said.
The Zee-Sony merger announced in 2021 was set to create a $10 billion TV enterprise, with Goenka becoming the merged entity's managing director and CEO.