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Zee Media Faces ₹18.11 Crore Copyright Infringement Claim via Mediation Proceedings
Zee Media Corporation Limited has reported the initiation of pre-institution mediation proceedings against it by Mr. Saumyajit Sen (alias Ronny Sen) in Kolkata. The dispute involves an alleged infringement of copyright material, with the claimant seeking damages of ₹18.11 crore plus 18% interest. While the company has stated that it expects no financial implications based on its preliminary assessment, the claim amount is notable. The proceedings are being conducted under Section 12A of the Commercial Courts Act, 2015.
Key Highlights
Claimant Mr. Saumyajit Sen has initiated mediation for alleged copyright infringement.
The total damages claimed by the opposing party amount to ₹18,11,25,000 (₹18.11 crore).
The claimant is seeking an additional 18% interest on the claimed amount.
Zee Media intends to defend the matter and currently expects no adverse financial impact.
Proceedings are filed at the Alternative Dispute Redressal Center, Barasat, Kolkata.
👀 What to Watch
Investors should monitor the outcome of the mediation as a failure to settle could lead to a formal commercial suit. Track whether the company makes any provisions for this contingent liability in upcoming quarterly results.
