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ZEEL AND SONY, CONSOLIDATION OR CONFLICT?
INTRODUCTION The National Company Law Tribunal (NCLT) recently cancelled the earlier consent granted earlier for the merger of Zee Entertainment Enterprises Limited (ZEEL) with Culver Max Entertainment. [1] Culver was formally known as Sony Pictures Networks India (SPNI). It was sanctioned way back in August 2023. The two concerned parties had agreed mutually to a … Continue reading ZEEL AND SONY, CONSOLIDATION OR CONFLICT?
Read more »Jet Airways: An Insolvency Resolution Journey
Jet Airways, which started off as an air taxi operator in 1993 and became a scheduled carrier in 1995, has been under insolvency for two years after it shut operations in April 2019 under a heavy debt. Jet Airways is the first Indian carrier/airline to undergo insolvency proceedings under the Cross Border Insolvency Protocol along with … Continue reading Jet Airways: An Insolvency Resolution Journey
Read more »Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016
A firm (for convenience sake called “CD”) regularly supplies certain raw materials to a partnership firm (for convenience sake called “QR”) carrying out its business of manufacturing geysers. After 6 months of regular supply of goods, QR fails to clear the outstanding dues of “CD” amounting to principal amount of Rs.1,25,00/- with interest accrued thereon. … Continue reading Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016
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