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Sebi’s confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations
Securities Exchange Board of India (SEBI) is expected to finish its arguments on September 13 while Goenka's lawyers are expected to give a rejoinder to SEBI's arguments on September 14.
World Crest sought a restraining order against Yes Bank from exercising voting rights or creating third-party rights against the shares purportedly owned by World Crest.
SEBI's confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations.
Dish TV's promoter had sought to restrain the lender from exercising its voting rights, interfering in or seeking to participate in the management and affairs of the company, or claiming rights to the shares. "In the present case, the use of the pledged goods will include the exercise of voting rights since the pledged goods are shares," observed Justice RI Chagla while disposing of an application filed by Dish TV promoters.