Goenka had asked the board to relieve him from the position of managing director of the company as he wants to 'focus' on the operational responsibilities as the chief executive officer, the media and entertainment firm said in a statement on November 18
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Conceptualised by Publicis India with Creative Directors Aman Mannan and Shitu Patil bringing this to life, the film captures the unique story from the perspective of a sofa
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The decision comes after the board approved enhanced performance targets for Goenka, including quarterly consolidated revenue and EBITDA goals for the next four quarters starting October
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NCLAT acknowledges settlement-driven withdrawal, officially closing the chapter on the once-promising Zee-Sony media merger
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"The arbitration is at its initial stage and the LCIA Arbitral Tribunal is yet to determine if the Company is liable in any manner," said Zee Entertainment
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Both companies agreed to withdraw all claims from arbitration at the Singapore International Arbitration Centre and other legal proceedings
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Citing SEBI Chairperson as a key obstacle in the failed Zee-Sony merger, Dr Chandra plans court action and questions the integrity of the regulatory process
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Under the terms of the settlement, none of the parties will have any outstanding or continuing obligations or liabilities to the other
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The company states that it will "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape" with the use of the money
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Earlier this week, Zee revealed via a regulatory filing that it had spent Rs 432 crore on the failed merger between 2022-23 and 2023-24
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