Decision taken by the Board after seeking appropriate legal advice and reviewing the action-oriented steps implemented by the management.

NCLAT dismissed creditors' argument that the appellate tribunal should await Zee's plea in the NCLT to enforce the merger.

The tribunal will decide on April 15 whether legal challenges to the Zee-Sony merger can be heard after the merger is called off.

Phantom Studios alleges that Culver Max and Bangla Entertainment falsely accused it of being influenced by Zee and Goenka.

Experts predict that the merger of Reliance and Disney will attract the interest of content creators and advertisers, posing a challenge for competitors like Zee.

The BSE asked ZEEL to provide clarifications about a news article claiming that its stock increased by 4% following reports of an attempt to renew the merger agreement with Sony.

Sony Group terminated the merger agreement with Zee on January 22, citing the inability of the Indian company to fulfill the closing conditions.

After the failed ICC TV deal, it also demands a refund of Rs 69 crore from Star.

The tribunal will take up the case on March 12.

The emergency arbitrator said it lacked jurisdiction to intervene, stating that such matters fall within the statutory system and are the NCLT's prerogative.