SC says no to naming new arbitrator in Religare-Zee case

The Supreme Court refused a petition from Religare Finvest to change the arbitrator in their ongoing dispute with Zee group companies. Religare Finvest cited delays attributed to the arbitrator. The case involves a ₹200 crore loan taken by Zee group companies in 2014, which led to arbitration in 2019 after failure to repay.