Sony 'predetermined' to terminate merger deal: ZEE tells NCLT
Sony started making several ‘false and baseless’ allegations of breaches and non-compliance upon ZEE, the petition states
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Sony started making several ‘false and baseless’ allegations of breaches and non-compliance upon ZEE, the petition states
India’s National Company Law Tribunal (NCLT), which has been closely involved in the Zee Entertainment and Sony merger negotiations, has accepted a Petition f
NCLT has kept the next date of hearing on this matter on March 12
Sony has reportedly initiated arbitration proceedings for an alleged breach of terms by Zee. Zee has decided to contest Culver Max and BEPL's claims at the Singapore International Arbitration Centre.
This merger could have otherwise created a USD 10 billion media enterprise in the country.