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SIAC denies Sony's plea to restrain Zee from approaching NCLT for enforcing merger

The Singapore Arbitration Centre has denied Sony Group s plea to restrain Zee Entertainment Enterprises Ltd (ZEEL) from moving to the National Company Law Tribunal (NCLT) for enforcing a merger called off by Sony. The Emergency Arbitrator ruled it lacked jurisdiction to issue such an order. Sony terminated the merger agreement with ZEEL last month, citing unsatisfied conditions. ZEEL filed a petition before NCLT to implement the merger, and Sony initiated arbitration proceedings claiming a USD 90 million termination fee. The denial by the Singapore Arbitration Centre allows ZEEL to proceed with its NCLT application for the merger scheme. ....

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SIAC denies Sony's plea to restrain Zee from approaching NCLT for enforcing merger | Business News

The Mumbai bench of NCLT on August 10, 2023, approved the scheme of merger of ZEEL with Sony group entities Culver Max Entertainment and BEPL, which could have created a USD 10 billion media entity. ....

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SIAC denies Sony's plea to restrain Zee from approaching NCLT for enforcing merger

SIAC denies Sony's plea to restrain Zee from approaching NCLT for enforcing merger
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zee sony hearing: SIAC to begin hearing in Sony-Zee arbitration matter on Jan 31

The Singapore International Arbitration Centre will hold online hearings for the arbitration case filed by Culver Max Entertainment and Bangla Entertainment against Zee Entertainment Enterprises over alleged merger agreement breaches. Sony terminated the merger agreement on January 22 and demanded a $90 million termination fee. Zee disputes the allegations and urges withdrawal of the termination notice. ....

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Zee Sony merger: Zee shareholder moves NCLT seeking implementation of merger with Sony

The NCLT has given Sony Group Corp. three weeks to respond to a plea seeking implementation of the merger scheme between Sony and Zee Entertainment Enterprises. The scheme was terminated by Sony on January 22 due to non-fulfillment of closing conditions by Zee. The NCLT has adjourned the matter to March 12. Sony has demanded a $90 million termination fee from Zee and initiated arbitration against them. ....

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