Sony has yet to agree to a deadline extension for merger with Zee and is looking forward to hearing the Indian media company’s proposals and how they plan to complete the remaining critical closing conditions. Sony’s statement comes after Zee Entertainment Enterprises Ltd (ZEEL) earlier this week requested Sony Group companies to extend the date …
India’s tribunal court has declined to issue a stay order on Zee Entertainment Enterprises Limited (ZEEL) and Sony’s merger to create a $10 billion media giant, according to ET Now. Shares of Zee rose following the news and hit day’s high of Rs 286.50. It was last trading 1.6% higher on BSE Sensex, which continued …
IDBI Bank has extended the validity of special fixed deposit (FD) schemes. In July, IDBI introduced a special FD scheme called Amrit Mahotsav FD for a tenure of 375 and 444 Days days. It has extended these special fixed deposit deadlines to December 31 from the earlier October 31 deadline. IDBI Amrit Mahotsav FD scheme’s …
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in …
The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, …
IDBI Bank has extended the validity for special fixed deposit (FD). In July, IDBI introduced a special FD scheme called Amrit Mahotsav FD for a tenure of 375 and 444 Days days. It has extended these special fixed deposit deadlines to October 31 from the earlier September 30 deadline. “Festive offer extension of Amrit Mahotsav …
LegisTrak 2.0Legal tech company Legistify has expanded its product portfolio with the launch of a new platform. LegisTrak 2.0 is a SaaS platform that helps with legal management for businesses. This tool is an end-to-end legal management suite that is designed for enterprise customers. The platform helps companies to leverage its SaaS to streamline contract …
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the application for the merger. Earlier on July 10, the division bench of judicial member HV Subba Rao and technical member …