Zee Entertainment, Sony Pictures square off in SIAC, starting today

The legal dispute between Zee Entertainment Enterprises and Sony Pictures Networks India has commenced in Mumbai and Singapore. Sony and Zee are scheduled to present their arguments before the Singapore International Arbitration Centre (SIAC) starting Wednesday, while back home, the National Company Law Tribunal (NCLT) has given both parties three weeks to submit their replies to a petition filed by a Zee shareholder.

The legal battle unfolded when Sony terminated its merger agreement on January 22, following the signing of the agreement in December 2021. The proposed merger aimed to create a $10 billion entertainment conglomerate in India, holding a quarter of the market share among general entertainment channels.