Today news
About the same in other media
Zee-Sony merger: NCLAT transfers all cases to bench led by chairperson
Reading now: 330
₹150 crore due to a guarantee by ZEE for Siti Networks Ltd, an Essel Group entity. On 10 August, the Mumbai bench of the National Company Law Tribunal (NCLT) had approved the merger of Zee Entertainment and Sony Pictures Networks India (SPNI), paving the way for the creation of a $10-billion media giant in the country.
These dissenting creditors, including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank Ltd, and others, mainly took issue with a non-compete clause in the merger deal. This clause entailed an Essel Group company receiving ₹1,100 crore as non-compete fees from a Sony Group company in return for Subhash Chandra's commitment not to challenge the merged entity.
Read more on livemint.comAbout this in other media
Sony’s googly on CEO may stump Zee merger livemint.com /1 year ago
NIA conducts raids in 10 states at over 40 locations in human trafficking cases livemint.com /1 year ago
Elvish Yadav case: Investigating officer transferred, case shifted to another police station economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
