Zee Entertainment limited on Tuesday announced that it has entered into a settlement agreement with Culver Max Entertainment Private Limited (CMEPL) (formerly Sony India) and Bangla Entertainment Private Limited (BEPL) to settle all disputes including to withdraw all applications, claims before Singapore International Arbitration Centre.
Zee Entertainment
RailTel Terminates Zee Subsidiary Contract
- RailTel Corporation of India Ltd. terminates contract awarded to Margo Networks, a subsidiary of Zee Entertainment Enterprises Ltd.
- The contract pertained to providing Content on Demand service in all mail/express and suburban trains and Wi-Fi enabled railway stations.
- Zee Entertainment said its subsidiary has initiated appropriate legal proceedings against the notice of termination.