NCLT clears decks for Viacom18-Star deal following CCI nod. One more to go.

The National Company Law Tribunal has allowed the scheme of arrangement between Reliance Industries Ltd’s Viacom18 Media Pvt. Ltd and Walt Disney-owned Star India Pvt. Ltd, paving the way for one of the biggest mergers in India’s media and entertainment sector.

A Mumbai bench of the NCLT led by Justices Anu Jagmohan and Kishore Vemulapalli on Friday held that “the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy”.