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The lender has challenged NCLT order on August 10 granting approval to the composite scheme between ZEEL, Culver Max Entertainment (Sony), and Bangla Entertainment, a subsidiary of Sony, which would create a $10-billion media giant.
Sebi earlier modified its order against Punit Goenka and Subhash Chandra, and barred them from holding the post of director or key managerial personnel in at least four Zee group companies as well as in the merged entity of Zee and Sony Pictures Networks India till further directions
The doubters who had grave concerns that the long-awaited merger in India of Zee and Sony/Culver Max would ever happen are beginning to change their doubts to s
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Markets regulator SEBI has modified its order against Zee promoter Subhash Chandra and his son Punit Goenka, and barred them from holding the post of director or key managerial personnel in at least four Zee group companies.