NCLAT refuses to remain Zee Leisure-Sony merger
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