Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT

IDBI Trusteeship Services Limited (ITSL) has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against Essel Group chairperson Subhash Chandra, challenging the order of the National Company Law Tribunal Mumbai which gave a go-ahead to the Zee Entertainment Enterprises Limited (ZEEL) and Sony merger.

The appeal challenges the National Company Law Tribunal (NCLT) Mumbai order rejecting IDBI trusteeship’s objection to the merger.

The hearing was deferred as the case was transferred to the bench of Chairperson Ashok Bhushan of NCLAT.