SIAC denies emergency relief to Sony
Mint Mumbai|February 05, 2024
The Singapore International Arbitration Centre (SIAC) on Sunday rejected Sony Group's emergency petition against Zee Entertainment Enterprises' plea before India's insolvency tribunal seeking implementation of the merger scheme with the Japanese media company's local unit.
Priyanka Gawande & Gaurav Laghate
SIAC denies emergency relief to Sony

In its application, Sony asked the arbitrator to prevent Zee from seeking legal remedies from the National Company Law Tribunal (NCLT) and other legal forums.

The emergency arbitrator, however, said it had no jurisdiction or authority to prevent Zee from approaching the NCLT to implement the merger, since these matters were within the statutory system and were for the NCLT to decide, Zee said in an exchange filing.

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