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The appellate tribunal had reserved the case for orders on June 27 after hearing both Goenka and SEBI at length.

The Securities Appellate Tribunal (SAT) on Monday refused to grant any interim relief to Subhash Chandra and his son Punit Goenka against the capital markets regulator Securities & Exchange Board of India (Sebi) order. The bench presided over by judicial member Tarun Agarwala and technical member Meera Swarup gave two weeks time to petitioners Goenka and Chandra to approach Sebi with their reply and directed the regulator to give its order within a week after that

Sebi had, in an interim order, on June 12, stated that Subhash Chandra and Goenka had allegedly

The Securities Appellate Tribunal (SAT) is likely to deliver its order on Essel Group Chairman Subhash Chandra and ZEEL Managing Director and CEO Punit Goenka's petitions challenging Sebi's interim order on Monday, July 10, reported ET NOW. On June 12, the Securities and Exchange Board of India's (Sebi) in an ex-parte interim order restrained Chandra and Zee Entertainment Enterprises Ltd's (ZEEL) Goenka from holding any directorship or key managerial positions in listed entities on account of alleged fund diversion.

Best Media Info: On Monday, SAT declined to take on record an additional affidavit filed by Sebi that was related to the regulator's interim order against Chandra and Goenka after objections from the ZEEL promoters| Television News