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SAT directs Sebi to respond to Punit Goenka's appeal by September 4; the hearing is scheduled for September 8. The appellate tribunal further said that it was not satisfied with the amount of time taken by Sebi for investigation.
On August 11, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony).
On 14 August, Sebi had in its confirmatory order restrained Punit Goenka and his father Subhash Chandra from holding any key managerial position in any listed company or Zee group entity until further orders