[ad_1]
Zee Entertainment Enterprises (ZEEL) is planning to make counterclaims against Sony Pictures Networks India in the arbitration court in Singapore after the Japanese firm terminated the merger agreement with Zee and sought $90 million as termination fees from Zee.
Legal experts said Zee had taken several steps to merge the companies, which resulted in litigation costs in the last two years. “In its appeal at the SAIC, Zee would be asking Sony Pictures Networks India to pay these legal costs,” said a lawyer close to the development. In its statement to the stock exchanges, Zee had said it undertook several permanent
First Published: Jan 26 2024 | 5:28 PM IST
[ad_2]