SIAC denies Sony’s plea to restrain Zee from approaching NCLT for enforcing merger

Zee Entertainment Enterprises Ltd on Sunday said the Singapore Arbitration Centre has denied Sony Group’s plea seeking a restrain against the Indian media company’s move to the NCLT for enforcing the merger that was called off by the Japanese company’s Indian arm. An Emergency Arbitrator of Singapore International Arbitration Centre denied the interim relief sought by Culver Max and BEPL (Bangla Entertainment Pvt Ltd) to restrain Zee Entertainment Enterprise Ltd (ZEEL), observing it lacks jurisdiction to pass such an order, ZEEL stated in a filing to stock exchanges.