Key Points
The fate of Zee's Subhash Chandra and Punit Goenka will be decided by major shareholders, who will present their point of view to SEBI..
If serious charges against them are not proven, they could be reappointed if major shareholders support them..
The SEBI chairperson may hear Chandra and Goenka's replies in their case, but it is difficult to predict the outcome.ETMarkets.com..
HP Ranina, Lawyer, Supreme Court says, Subhash Chandra and Punit Goenkas fate will be decided by the major shareholders, who will put forward their point of view..
If they support the two gentlemen, then they can once again be reappointed unless it can be shown that there were very serious charges against them and not mere allegations where the charges have been proved...
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Sebi to complete investigation into Zee Entertainment case within 8 months
14, Aug, 23Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity
After Sebi order on Subhash Chandra, Punit Goenka, Zee share price to be in focus
13, Jun, 23Sebi has banned Chandra and Goenka from being directors or holding a Key Managerial Personnel in any listed company or its subsidiaries until further orders.
Zee-Sony Merger: SAT to hear matter on June 26
19, Jun, 23SAT on Friday refused to give any interim relief to Essel Group chairman Subash Chandra and his son Punit Goenka after the markets regulator barred them from holding the position of a director or key managerial personnel in any listed company or allegedly siphoning off funds of ZEEL. Following this, they challenged the Sebi order at SAT.
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.
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SAT sets aside SEBI's order against Zee's Punit Goenka, allowed to retain key managerial position
30, Oct, 23In June this year, the capital markets regulator had barred Essel Group Chairman Subhash Chandra and Punit Goenka from being a director in some Zee Group companies