ZEE

Liabilities to be absorbed by merged entity: ZEE to NCLTmerged

The scheme of merger between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (Sony) provides that the liabilities of the former will be absorbed by the merged entity, the company clarified before the National Company Law Tribunal (NCLT). On Thursday, senior advocate Janak Dwarkadas, appearing for ZEE, argued that no...