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NCLAT refuses to stay Zee-Sony merger, case now to be heard in January

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zee-sony merger

IDBI Bank and Axis Finance had moved NCLAT against the merger


The National Company Law Appellate Tribunal (NCLAT) on December 15 said it will not grant a stay on the merger of Culver Max Entertainment, formerly Sony Pictures Networks India and Zee Entertainment Enterprises Ltd (ZEEL). According to a report by Moneycontrol, the case will now be heard on January 8.


IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the…

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