Reliance Broadcast Network
NCLAT clears Sapphire Media's acquisition of Big 92.7 FM, upholds order
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media's resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of appeals filed by Radio Mirchi, Orange FM, and others.The NCLAT Bench, comprising Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra, concluded, "After considering the submissions, we find no grounds to interfere with the NCLT's order dated May 6, 2024, and consequently, the appeals are dismissed."Earlier, the National Company Law Tribunal (NCLT) cleared Sapphire Media's resolution plan in a ruling on May 6, 2024, with the plan being filed for approval by the resolution professional in NCLT Mumbai.The decision made by the National Company Law Tribunal (NCLT) was contested by the unsuccessful bidders, Abhijit Realtors & Infraventure and Creative Channel Advertising & Marketing, who filed a set of five appeals before the NCLAT. The appellants claimed ..
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Storytelling important for audio professionals: Reliance Broadcast CEO
Abraham Thomas says there are 'no voice artists anymore' but content creators with a good voice
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Zee Media board approves submission of bid to pave way for RBNL takeover
In its company filing, Zee Media said that a resolution had been passed on May 5, 2023, that granted approval to the company to submit its EOI with the CIRP of RBNL
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Zee may buy Reliance Broadcast for Rs 2,000 cr
Radio biz might be separated from the deal, due to phase-3 auction rules
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