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Star India and Novi Digital merger hearing postponed by NCLT to March 27
Earlier, the hearing had been set to February 21 after the IPRS told the NCLT that its plea against the February 9th order was being held in judgement by the NCLAT.
The NCLT on Feb 9, rejected the IPRS’s plea questioned the legality of the arrangement between Star India and Novi Digital Entertainment. (Representative Image: via Unsplash)
The hearing between Star India and Novi Digital Entertainment which owns Disney+ Hotstar for the merger has been postponed by the NCLT to Match 27.
Earlier, the hearing had been set to February 21 after the IPRS told the NCLT that its plea against the February 9th order was being held in judgement by the NCLAT.
The NCLT on Feb 9, rejected the IPRS’s plea questioned the legality of the arrangement between Star India and Novi Digital Entertainment.
The IPRS had claimed that both parties, Star and Novi Digital had moved ahead with the merger scheme without seeking its approval. IPRS is an unsecured creditor to both entities.
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