Axis Finance asks resolution professional to intervene to stall Zee deal with Sony
In a communication to Saraogi, AFL, the non-banking financial arm of Axis Bank, said Chandra’s Essel Mauritius has entered into a non-compete agreement with SPE Mauritius Investments, a Sony group company, as part of the merger deal between Sony and Zee, adding that the non-compete agreement runs contrary to a Supreme Court order of August 5, 2022.
