Mumbai: Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises Ltd, is not cooperating in an investigation into alleged diversion of funds from the media company, the Securities and Exchange Board of India (Sebi) has informed the Securities Appellate Tribunal (SAT) hearing the matter. Chandra’s legal counsel has, however, contested these allegations. Representing Sebi, senior counsel …
MUMBAI :Brightcom Group Ltd has filed a fresh application before the Securities Appellate Tribunal seeking a stay on the market regulator’s order restraining ace investor Shankar Sharma and others from selling shares in the digital marketing company. The Securities and Exchange Board of India had in August restrained Brightcom’s then chairman and managing director Suresh …
The Securities Appellate Tribunal (SAT) on Monday overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top managerial role in a listed entity. SAT’s ruling has potentially hastened the Indian media company’s proposed merger with the local arm of Japan’s …
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebi’s credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises’ (ZEEL) matter. SAT was hearing Zee’s plea against Sebi’s order baring Zee Entertainment Enterprises’ Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other …
The Securities Appellate Tribunal (SAT) on Friday adjourned the hearing of Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka’s plea challenging the Securities and Exchange Board of India’s (Sebi) order to September 14. Goenka is challenging the capital market regulator’s confirmatory order of August 14 barring him and his father, Subhash Chandra, Chairman …
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 Zee Entertainment Enterprises promoter Punit Goenka against an order of the regulator. The tribunal also scheduled for September 8 the hearing of Goenka’s plea, challenging Sebi’s confirmatory …
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. Goenka, who is the MD and CEO …
The Securities Appellate Tribunal (SAT) on Wednesday refused to provide an interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, in 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 …
Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka has moved the Securities Appellate Tribunal (SAT) against the Securities Exchange Board of India’s (SEBI) confirmatory order barring him and his father Subhash Chandra Goenka, the entertainment company’s Chairman Emeritus, from holding any directorship or managerial position in any listed company or their subsidiaries. The …
The Securities Appellate Tribunal (SAT) has refused to grant any immediate relief to Eros International Media, its executive vice chairman Sunil Lulla, and CEO Pradeep Dwivedi from the Securities Exchange Board of India’s (Sebi) interim order, which restrained them from buying, selling, or dealing in securities until further orders. While disposing of the appeals filed …