Sebi order: SAT adjourns ZEEL’s plea to June 26
SAT listed the matter for today after earlier denying interim relief to Chandra and Goenka
The Securities Appellate Tribunal (SAT) has adjourned the hearing of the plea by Essel Group chairman Subhash Chandra and son Punit Goenka, the CEO of Zee Entertainment Enterprises.
The plea will now be heard on June 26.
The duo had filed a plea asking the Sebi order to be set aside. The market regulator had barred the two from holding any directorial or managerial position for a year as an action against the two for “siphoning off funds from the listed entity for their own benefit.”
As per media reports, Goenka's counsel said that the petitioners have appealed against an ex-parte order since the regulator has said it is "curious" but hasn't "reached a conclusion".
SAT had listed the matter for today after denying interim relief to Chandra and Goenka on June 16.
