Sony approached SIAC seeking directions to prevent Zee from seeking legal remedies from other legal forums including the National Company Law Tribunal (NCLT) Mumbai.
However, the plea was rejected by SIAC.
“It held that the emergency arbitrator has no jurisdiction or authority to injunct the Company from approaching the NCLT to implement the Merger Scheme since these are matters which fall within the statutory system and are for the NCLT to decide,” said a filing by Zee before the stock exchange.
Source: Barandbench
