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Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka has moved the Securities Appellate Tribunal (SAT) against the Securities Exchange Board of India's (SEBI) confirmatory order barring him and his father Subhash Chandra Goenka, the entertainment company's Chairman Emeritus, from holding any directorship or managerial position in any listed company or their subsidiaries.

Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity

When people think of “Mahatma,” Gandhi may be the first person that comes to mind. However, “Mahatma” is actually a honorific title, derived from the Sanskrit words for “great soul,” that is given to those who are revered above most others for courageous or revolutionary acts. The first Mahatma was a man called

"We direct Sebi to appoint another WTM, and if no WTM is available, then any authorised officer higher in grade or rank or position to the WTM would hear and decide the matter...The person who is appointed shall pass the order within the stipulated period," SAT said in its order.

India's Securities Appellate Tribunal has directed the Securities and Exchange Board of India (SEBI) to appoint another whole-time member to review objections by Zee promoters Punit Goenka and Subhash Chandra Goenka against SEBI's interim order against them.