It has challenged the NCLT’s August 10 approval for the merger.Axis Finance, on Thursday, filed a petition with the National Company Law Appellate Tribunal (NCLAT) challenging the approval of the Zee Entertainment Enterprise Ltd (ZEEL) and Sony merger order by the National Company Law Tribunal (NCLT). In response to Axis Finance’s plea, the NCLAT has issued a notice to the company.In a stock exchange filing, ZEEL said it “has been served with an appeal on behalf of Axis Finance Limited against the Company before the NCLAT, Delhi, challenging the order dated August 10, 2023 passed by NCLT, Mumbai Bench”.In August 2023, the Bombay High Court rejected Axis Finance’s request to involve…
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Source: https://www.afaqs.com/news/media/zee-sony-merger-after-idbi-bank-axis-finance-files-appeal-in-nclat