Zee - Sony merger: NCLAT sets aside NCLT order directing stock exchange to reassess approvals

The National Company Law Appellate Tribunal (NCLAT) Friday set aside an order passed by National Company Law Tribunal (NCLT) at Mumbai directing stock exchanges to reassess their initial approvals granted for the merger of Zee Entertainment Enterprises Ltd (Zee) with Culver Max Entertainment (earlier known as Sony Pictures Networks India).