Mumbai: The National Company Law Tribunal (NCLT) has adjourned the hearing in the Zee-Sony merger case to 10 July, according to media reports.
Zeel's advocate has informed the court that the scheme of arrangement between ZEEL and Culver Max Entertainment (Sony) has been approved by 99.97 per cent shareholders, and the regulatory bodies.
On the regulator SEBI's interim order against Essel Group chairman Subhash Chandra and ZEEL MD Punit Goenka, he noted that it was an ex parte order without show cause. He added that the interim order is before the Securities Appellate Tribunal (SAT), which has reserved the order in the matter.
