The Board of Administrators of ZEE Leisure Enterprises Ltd. (ZEEL) has appointed an Unbiased Advisory Committee to evaluation the allegations levelled by market regulator SEBI and different events towards the corporate. The panel can be chaired by Justice Satish Chandra and comprise of ZEE’s Unbiased Administrators, Uttam Prakash Agarwal and PVR Murthy. Zee had not … Read more
So close to and but to date! That was the climax within the over two-year-long Zee-Sony merger saga. What was ideally a win-win deal for each, provided that each events had addressed a number of pending points, has now collapsed. With this, Zee buyers are again to floor zero. So, what’s the epilogue to all … Read more
Zee Leisure Enterprises Ltd (ZEEL) has moved the Nationwide Firm Regulation Tribunal (NCLT) and Singapore Worldwide Arbitration Centre (SIAC) towards Sony Photos Community India’s termination of the merger deal. The corporate has approached the Mumbai-bench of NCLT, “searching for instructions to implement the merger scheme”, the Punit Goenka-led media main mentioned in a regulatory submitting. … Read more
The Nationwide Firm Regulation Appellate Tribunal (NCLAT) has refused to remain the proposed merger between Zee Leisure Enterprises Ltd (ZEEL) and Sony. Axis Finance and IDBI financial institution had challenged the merger within the NCLAT on the grounds that ZEEL had stood assure for loans they’d given to an Essel group entity, and that they’d … Read more