NCLT admits Zee plea over Sony calling off merger

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Key Points

, which was approved by the tribunal.. will deal with Sony's plea on Zee breaching the merger pact on Wednesday...

At the NCLT, Sony defended its position citing that the merger proposal approved by the tribunal was dependent on conditions either being fulfilled or waived off in writing...

It also contended that the petition was moved by Mad Men Film Ventures, a proxy shareholder of Zee...

On Jan 22, Sony terminated the merger pact with Zee, citing non-fulfilment of conditions..