Digital
Online gaming in India is among the world’s most vibrant, says MoS I&B Dr L Murugan at Storyboard18 DES 2025
Zee-Sony merger: NCLAT to hear challenges to the merger on May 17
IDBI Bank and Axis Finance has asked the NCLAT to wait for the NCLT’s decision on Zee’s plea asking it to enforce the merger.
The NCLAT will be hearing a challenge to the Zee-Sony merger on May 17. (Source: Moneycontrol)
The National Company Law Appellate Tribunal (NCLAT) on April 15 said that it will be hearing a challenge to the Zee-Sony merger on May 17, junking creditors IDBI Bank and Axis Finance’s contention to wait for the NCLT’s outcome before hearing the case, said moneycontrol.
Earlier, IDBI Bank and Axis Finance has asked the NCLAT to wait for the NCLT’s decision on Zee’s plea asking it to enforce the merger.
The National Company Law Tribunal (NCLT) hearing regarding Zee Entertainment's plea to enforce the stalled $10-billion merger with Sony Pictures Networks was scheduled to be heard on march12. However, it had been pushed to a later date. The outcome of the hearing will provide clarity on whether the merger stands a chance to be reconsidered.
SPOTLIGHT
The Storyboard18 Digital Entertainment Summit (DES) unpacked India's strategy for leading the digital entertainment economy, with top policymakers where they putlined how talent, technology, and governance would fuel future-ready growth.
Read MoreIn Photos: At DES 2025, India charts ambitious course for digital entertainment leadership
At the Storyboard18 Digital Entertainment Summit in New Delhi, policymakers and industry leaders outlined how talent, technology, and governance will drive India’s push to dominate the global entertainment economy.