ZEEL has challenged the NCLT order on the grounds that it was not provided adequate opportunity to present its side of the argument and that the tribunal doesn't have jurisdiction over issues like non-compete fees.
The Mumbai bench of the NCLT had directed the National Stock Exchange (NSE) and BSE to reconsider their respective initial approvals for the Zee-Sony union and issue updated no-objection certificates before the next hearing. -Our Bureau
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