Zee Entertainment mulls filing counterclaims against Sony India in SIAC

Legal experts say Zee took several steps to merge the companies which resulted in litigation costs

Zee Entertainment Enterprises (ZEEL) is planning to make counterclaims against Sony Pictures Networks India in an arbitration court in Singapore after the Japanese firm terminated the merger agreement with Zee and sought $90 million as termination fees from the Indian media conglomerate.

Legal experts said Zee had taken several steps to merge the companies which resulted in litigation costs in the last two years. “In its appeal at the SAIC, Zee would be asking Sony Pictures Networks India to pay these legal costs,” said a lawyer privy to the development. In its statement to the stock exchanges, Zee said it