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Adtech regulation a priority for Modi govt in third term: MoS Rajeev Chandrasekhar
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.
A recap of Storyboard18's biggest interviews from 2023. Get all the insights from our conversations with leading Indian and global CEOs and founders from the brand, marketing and media world.
Read MoreSony Group Corp on Monday called off its merger with ZEEL, after two years of negotiating the $10 billion deal.