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The Securities Appellate Tribunal (SAT) on Wednesday reserved its order on Zee Entertainment promoter Punit Goenka's plea against SEBI's interim order restraining him from holding any key managerial position in listed entities due to alleged fund diversion.
The Securities Appellate Tribunal (SAT) has reserved order in ZEEL MD and CEO Punit Goenka's appeal against Sebi's order. Sebi banned him and his father Subhash Chandra Goenka from directorial roles due to alleged unauthorized money transfers within Essel Group companies. The order also prevents Punit from leading the Sony-Zee merger, despite regulatory approvals.
The Securities Appellate Tribunal (SAT) on Wednesday reserved its order on Zee Entertainment promoter Punit Goenka's plea against SEBI's interim order restraining him from holding any key managerial position in listed entities due to alleged ...
Merger has been challenged before the National Company Law Appellate Tribunal, Delhi
Enterprises Ltd. with the National Company Law Appellate Tribunal, in Delhi. This appeal challenges the NCLT Mumbai bench's order from Aug. 10, which sanctioned the composite scheme of arrangement involving Zee Entertainment, Bangla Entertainment Pvt., and Culver Max Entertainment Pvt. (formerly Sony Pictures Networks India Pvt.).