Legal

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

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The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Mar 30, 2023 16:03

ZEE settles dispute with IndusInd, paves way for Sony merger

Zee Entertainment Enterprises Ltd has entered into an agreement with IndusInd Bank Ltd to settle all disputes and claims between the two parties, paving the way for ZEE's merger with Culver Max Entertainment Pvt Ltd, formerly known as Sony Pictures Networks India.

Mar 22, 2023 17:03

BCCI finalising ODI WC venues, dates; looks to settle tax matters

The cash awash Board of Control for Cricket in India, which plays host to the upcoming 50-over World Cup later this year, may well be ready to "bite the bullet" and dip into its coffers to close the matter of the taxes the government proposes to levy on revenues from the mega event.

Mar 17, 2023 15:03

PHL organiser secures S Asia commercial rights for handball

MUMBAI: The inaugural Premier Handball League (PHL) – already sanctioned by the Handball Association India, the national sports federation for the sport, affiliated with the International Handball Federation (IHF) and the Asian Handball Federation (AHF), is on the horizon.

Mar 16, 2023 16:03

AIFF starts club licensing process for 2023-24 season

NEW DELHI: The All India Football Federation has distributed the Club Licensing Application Pack (CLAP) to all clubs that are eligible to undergo the Indian Club Licensing process for the 2023-24 season.

Feb 27, 2023 15:02

Vinesh Phogat: Probe panel member leaking 'sensitive info'

Why are we not surprised? In the latest episode of the tawdry saga that is the wrestlers vs Wrestling Federation of India, Vinesh Phogat, one of the grapplers demanding the removal of WFI president and BJP politician Brij Bhushan Sharan Singh, has claimed that a member of the probe committee is leaking 'sensitive information' to the press.

Feb 24, 2023 17:02

NCLAT stays insolvency proceedings against ZEE

MUMBAI: The National Company Law Appellate Tribunal on Friday stayed the order directing initiation of insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). NCLAT also issued notice to private sector lender IndusInd Bank and the final hearing of the case will now be heard on March 29.

Feb 23, 2023 20:02

WFI scandal: UWW pulls Asian Wrestling C'ships out of India

The administrative chaos in the Wrestling Federation of India in the aftermath of the allegations of sexual harassment against WFI president and BJP MP Brij Bhushan Sharan Singh has lead to the sport's world governing body rescinding India's hosting rights for the upcoming Asian Championships, which were scheduled to be held in New Delhi from 28 March through to 2 April.

Feb 23, 2023 17:02

Insolvency proceedings against ZEE: Punit Goenka moves NCLAT

MUMBAI: Punit Goenka, MD & CEO of Zee Entertainment Enterprises Ltd (ZEEL), Thursday filed an appeal in the National Company Law Appellate Tribunal (NCLAT) seeking relief against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) in connection with an insolvency plea filed against the Indian media major.

Feb 22, 2023 17:02

FairPlay onboards Jacqueline Fernandez as brand ambassador

MUMBAI: Online betting site FairPlay has roped in Hindi film actress Jacqueline Fernandez as brand ambassador. Of Sri Lankan origin, Jacqueline has predominantly worked in Hindi films and is now a household name in Bollywood.

Feb 21, 2023 18:02

IBA asserts world c'ships to count as Paris '24 qualifiers

The fate of boxing at the Paris 2024 Olympics, already under threat due to various actions taken by the International Boxing Association (IBA) under its Russian president Umar Kremlev, which have been deemed unacceptable by the International Olympic Committee (IOC), has been thrown into further turmoil.

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