Zee asks Sony to withdraw termination of merger, urges NCLT to act Subject: Economy Section: Capital market Context: Zee Entertainment Enterprises Ltd. (ZEEL) asked Culver Max Entertainment Pvt. Ltd (formerly  Sony Pictures Networks India Private Ltd.) (Culver Max) and Bangla Entertainment Pvt. Ltd. (BEPL) to immediately withdraw their termination of the Merger Co­operation Agreement (MCA) and confirm that they would perform their obligations to give effect to and implement the Merger Scheme that had been sanctioned by the National Company Law Tribunal. National Company Law Tribunal (NCLT) It is a quasi-judicial authority incorporated for dealing with corporate disputes […]