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

Zee's promoters are not having it easy with sebi as an interim order plays spoilsport. This could put its impending merger with Sony Pictures Network India at risk. What lies ahead? - Issue Date: Jul 23, 2023

Get latest articles and stories on Latest News at LatestLY. The Securities Appellate Tribunal (SAT) on Monday dismissed pleas of Zee Entertainment promoters Subhash Chandra and Punit Goenka challenging Sebi's interim order restraining them from holding any directorship or key managerial positions in listed entities. Latest News | SAT Dismisses Zee Entertainment Promoters' Plea Against Sebi's Interim Order.

The Securities Appellate Tribunal has dismissed pleas by Zee Entertainment promoters Subhash Chandra and Punit Goenka challenging the Securities and Exchange Board of India's interim order that restrains the two from holding board positions in public listed companies for a year due to alleged fund diversion.

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.