New Delhi: ZEE Entertainment Enterprises Ltd and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed USD 10-billion merger and have agreed to withdraw all claims against each other.As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd, both "have mutually agreed to withdraw all respective claims …
Sony on Monday said it is "disappointment" with Singapore tribunal's emergency arbitrator's decision rejecting its plea to restrain Zee from approaching NCLT and asserted that it will "vigorously arbitrate" the matter in the international tribunal. An emergency arbitrator of Singapore International Arbitration Centre rejected a plea of Culver Max and BEPL seeking an order to restrain Zee Entertainment Enterprise Ltd …
The Singapore International Arbitration Centre on Sunday rejected Sony Group's emergency petition against Zee Entertainment Enterprises' plea before India's insolvency tribunal seeking implementation of the merger scheme with the Japanese media company's local unit. In its application, Sony asked the tribunal to prevent Zee from seeking legal remedies from the National Company Law Tribunal and other legal forums. Owing to …
Sony Pictures was ‘pre-determined’ to terminate the merger agreement with Zee Entertainment Enterprises Ltd, Zee has alleged in its petition filed before the National Company Law Tribunal. The dispute arises following Sony Pictures’ decision to call off the supposed $10 bn merger between itself and Zee. In its arbitration application before the SIAC, Sony demanded a $90 million termination fee …
New Delhi: The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and …