NCLT allows Withdrawal of Zee Entertainment’s Merger with Sony Groups

The withdrawal was permitted on the termination of the merger agreement by Culver Max and Bangla Entertainment due to an alleged breach of the merger cooperation agreement (MCA)
NCLT - NCLT Mumbai - Sony - Sony Groups - Zee entertainments - National Company - TAXSCAN

The Mumbai bench of the National Company Law Tribunal ( NCLT ) has granted permission to withdraw the application seeking implementation of a merger with Zee Entertainment Enterprises Limited ( ZEEL ) and Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment. The merger agreement by Culver Max and Bangla Entertainment was terminated due to…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader