NCLT adjourns hearing on Star India-Novi Digital merger

The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+ Hotstar, to March 27.

The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed the NCLT that its application challenging the tribunal’s dismissal order dated February 9 has been held for judgment by the National Company Law Appellate Tribunal (NCLAT).