Key Points
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...
In his arguments, Sebi's counsel Darius Khambata said the material gathered by the market regulator in the last four months indicated alleged siphoning off funds and showed further investigations were already underway...
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SAT refuses to give interim relief to Subash Chandra, Punit Goenka against Sebi order, to hear matter on Monday
16, Jun, 23India Business News: NEW DELHI: The Securities Appellate Tribunal (SAT) has refused to give any interim relief to Essel Group chairman Subash Chandra and his son Punit Goe.
SAT reserves order on Subhash Chandra, Punit Goenka's petitions against Sebi order
27, Jun, 23In his arguments, senior advocate Janak Dwarkadas, representing Goenka, said that by removing two key people from the company, Sebi has infringed upon their fundamental rights to be employed. He argued that while Sebi had issued the interim order against them, no direction had been issued against Yes Bank for appropriating the Rs 200 crore fixed deposit without ZEEL's approval.
ZEE row: SAT reserves order in Puneet Goenka, Subhash Chandra's appeal against SEBI
27, Jun, 23The Securities Appellate Tribunal (SAT) on Tuesday reserved order in the Zee Entertainment Enterprises' plea, challenging market regulator Sebi's interim order. SAT had deferred the hearing of the plea on Monday to June 27.
SAT refuses interim relief to Zee's Punit Goenka in SEBI case, next hearing on Sept 8
30, Aug, 23The Securities Appellate Tribunal (SAT) on Wednesday refused to provide an interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, in Zee-SEBI case, reported ET NOW. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for September 8, 2023.
SAT dismisses Zee’s Subhash Chandra, Punit Goenka’s appeal against SEBI order
10, Jul, 23The Securities and Exchange Board of India's (Sebi) had restrained the duo on June 12 from holding any managerial or directorship position in listed entities on account of alleged fund diversion.
SEBI did not do a thorough investigation: Punit Goenka to SAT
20, Jun, 23Punit Goenka on Monday hit back at the Securities and Exchange Board of India (SEBI) with his lawyers telling the Securities Appellate Tribunal (SAT) that SEBI passed an interim order in the matter related to Zee Entertainment without conducting a proper investigation
Goenka can’t take key roles as Sebi upholds Jun order
15, Aug, 23Sebi upholds order barring Punit Goenka and Subhash Chandra from key positions in companies.
ZEEL tanks 6% after Sebi crackdown on Puneet Goenka, Subhash Chandra
13, Jun, 23Shares of Zee Entertainment Enterprises fell over 6% after India's Sebi barred Essel Group's chairman Subhash Chandra Goenka and his son from holding key positions in listed companies, saying they had abused their board positions by siphoning off funds for their benefit. The order could delay Zee's proposed merger with Sony Pictures Networks India, now known as Culver Max Entertainment. The regulator has directed Zee to place the order before its board within seven days. The Goenkas have 21 days to respond to Sebi's order.