Managing partner Abhijit Joshi of Veritas Legal underscores that once approved, a scheme typically proceeds with specific conditionalities. Despite disputes over the CEO role in the impending merger of Sony Pictures Networks India and Zee Entertainment Enterprises, legal experts, including Joshi, anticipate the merger to proceed post-approval. Sony urges Punit Goenka to relinquish the CEO position until Sebi clears him of alleged fund misappropriation, while Goenka, citing SAT’s verdict, asserts his eligibility. As the contractual drop-off nears on December 20, the outcome remains uncertain amid conflicting views on leadership roles.
Uncertainty Looms Over Sony-Zee Merger as Leadership Dispute Persists
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