Key Points
The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an NCLT order that directed the BSE and NSE to review their earlier approval for the merger between Zee Entertainment and Culver Max Entertainment and provide their fresh no-objection certificates (NOCs) for the same before the next hearing date...
The division bench of Justice Rakesh Kumar and a technical member Alok Srivastava in its oral order has set aside the May 11 order of the Mumbai bench of the National Company Law Tribunal (NCLT)...
Zee's merger with Culver Max (earlier known as Sony Pictures Networks India) is likely to create a $10 billion media giant...
The appellate tribunal was hearing the appeal filed by ZEEL against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023...
The said order was challenged by ZEEL before the appellate tribunal, contending that it was not granted the adequate opportunity by the NCLT to present its side and it didn't follow the principles of natural justice...
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