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The Mumbai bench of the NCLT refused to grant urgent interim reliefs today and posted the application for hearing on March 12 after giving Sony and Zee two weeks to respond.
The Mumbai bench of the National Company Law Tribunal (NCLT) declined immediate interim relief to Zee Entertainment Enterprises shareholder Mad Man Film Ventures in their bid to enforce the merger scheme between Sony and Zee. Mad Man sought to restrain Zee and Sony from acting against the NCLT's August 10, 2023 order sanctioning the merger.
The matter is scheduled for hearing on March 12.
The Zee-Sony merger cancellation dispute rumbles on. India’s National Company Law Tribunal (NCLT) issued a formal notice to Culver Max (formerly Sony Pictures
Sony Group's India units, Culver Max Entertainment and Bangla Entertainment, have challenged the maintainability of Zee Entertainment Enterprises' application for the merger scheme before the National Company Law Tribunal (NCLT). The NCLT has combined Zee's plea with that of its shareholder, Mad Man Film Ventures, and scheduled a hearing for March 12. Mad Man Film Ventures has also approached the NCLT seeking the implementation of the merger scheme.