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The tribunal has given time to SEBI till September 4 to file a reply on the matter. The next hearing will take place on September 8.
In August, SEBI passed an order revising the directions it had given to ZEEL's former directors Subhash Chandra and Punit Goenka, asking its investigating officials to complete the enquiry in eight months
The annual awards gala will be held in New York City in November
The Securities Appellate Tribunal (SAT) on Wednesday directed the Securities & Exchange Board of India (Sebi) to file its response by September 4 in an appeal filed by Punit Goenka, the promoter of Zee Entertainment Enterprises Limited (ZEEL). The tribunal will now hear the matter on September 8, 2023.
The Securities Appellate Tribunal (SAT) has directed Sebi to respond by September 4 in an appeal filed by Zee Entertainment Enterprises promoter Punit Goenka against an order of the regulator. Goenka is challenging Sebi's order barring him from holding any directorship or managerial position in any listed company or their subsidiaries.