Zee Entertainment Enterprises Ltd on Sunday said the Singapore Arbitration Centre has denied Sony Group's plea seeking to restrain the Indian media company from approaching the NCLT to enforce a merger that was called off by the Japanese company's Indian arm.
An Emergency Arbitrator of Singapore International Arbitration Centre denied the interim relief sought by Culver Max and BEPL (Bangla Entertainment Pvt Ltd) to restrain Zee Entertainment Enterprise Ltd (ZEEL), observing it lacks jurisdiction to pass such an order, ZEEL stated in a filing to stock exchanges.
