New Delhi, April 16 (UNI) ZEE Entertainment Enterprises (ZEE) on Tuesday said that it has withdrawn a merger implementation application filed before the Mumbai bench of National Company Law Tribunal.
The company in a media release said that the decision was taken by the Board after seeking appropriate legal advice and reviewing the action-oriented steps implemented by the management.
ZEE had filed the merger implementation application on 24th January 2024 seeking directions on the implementation of the Composite Scheme of Arrangement between ZEE, Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India) and Bangla Entertainment Pvt Ltd.