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SAT directs Sebi to respond to Chandra, Goenka plea in 48 hrs
Mint Mumbai
|June 16, 2023
The Securities Appellate Tribunal on Thursday directed the Securities and Exchange Board of India to respond within 48 hours to Subhash Chandra’s and Punit Goenka’s plea challenging the regulator’s recent order.
In its 12 June order, Sebi had prohibited the founder and former chairman of Zee Entertainment Enterprises Chandra and its managing director and chief executive Goenka, from assuming managerial or board positions in listed companies, on allegations that the father-son duo had diverted funds of the company for personal use. Aggrieved by the order, Chandra and Goenka flied an appeal with SAT.
This story is from the June 16, 2023 edition of Mint Mumbai.
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