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HomeBusinessNational Company Law Tribunal to hear Zee-Sony case on March 12

National Company Law Tribunal to hear Zee-Sony case on March 12

TNN / Updated: Feb 7, 2024, 03:55 IST

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National Company Law Tribunal to hear Zee-Sony case on March 12

MUMBAI: The

National Company Law Tribunal

(

NCLT

) has admitted Zee’s petition seeking implementation of its proposed merger with Sony. It will hear the matter on March 12 along with a similar petition filed by one of Zee’s shareholders, Mad Men Film Ventures. The Mumbai tribunal directed

Sony

to file its reply to Zee’s petition along with Mad Men’s before March 12. The development comes just after the Singapore arbitral tribunal rejected Sony’s request against Zee seeking a stay on court proceedings in India after the Japanese major called off a $10-billion merger between its local arm and the Indian broadcaster.

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