ZEE case: SAT asks Sebi if inquiry will be completed in 8 months
The SAT hearing for Punit Goenka's appeal against the Sebi order has been postponed to September 27
The Securities and Appellate Tribunal (SAT) has asked Sebi if it would be able to wrap up the inquiry against Zee Entertainment Enterprises MD and CEO Punit Goenka and his father Subhash Chandra in eight months or would it require more time, media networks have reported.
The SAT hearing for Goenka's appeal against the Sebi order has been postponed to September 27.
As per reports, Sebi had earlier said that it would complete the inquiry in a span of eight months.
On September 8, SAT refused to give interim relief to Goenka in a plea filed by him against a SEBI order that bars him from holding key managerial positions in Zee group firms and the merged Zee-Sony entity.
Goenka had earlier on August 26 moved SAT against the SEBI order.
