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 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 : EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore. “On 1 June 2023, SIAC ordered Ebix to buy the remaining 20% from the original promoters," the person said on …
UThe Delhi High Court on Tuesday dismissed the pleas moved by Future Group challenging an order passed by Singapore International Arbitration Centre rejecting its plea seeking termination of the arbitration proceedings with e-commerce giant Amazon. Future had moved the High Court last month arguing that there was a "stark abdication of jurisdiction" by the Arbitral Tribunal, which relegated all issues …
