Curated By: Business Desk
Last Updated: August 30, 2023, 12:53 IST
Punit Goenka (File photo)
The appellate tribunal said that it is not satisfied with the amount of time taken by Sebi for investigation.
In August, Sebi passed an order revising the directions it had given to ZEEL’s former directors Subash Chandra and Punit Goenka, asking its investigating officials to complete the enquiry in eight months
The Securities Appellate Tribunal (SAT) on August 30 asked Sebi to file a response to Punit Goenka’s appeal by September 4 and listed the matter for final hearing on September 8.
Goenka, former chief executive officer of Zee Entertainment Enterprises Ltd (ZEEL), had appealed against the Sebi order that bars him from holding any director or other key managerial positions in the company and other organisations.
The appellate tribunal further said that it is not satisfied with the amount of time taken by Sebi for investigation. “Sebi can’t keep going on with its investigation,” it said.
In August, Sebi passed an order revising the directions it had given to ZEEL’s former directors Subash Chandra and Goenka, asking its investigating officials to complete the enquiry in eight months.
In August, Sebi passed an order revising the directions it had given to ZEEL’s former directors Subash Chandra and Goenka, asking its investigating officials to complete the enquiry in eight months.
