Zee case: SAT asks Sebi to appoint new whole-time member
The WTM will have to fix a date for the hearing within a week of Punit Goenka and Subhash Chandra submitting a reply
The Securities Appellate Tribunal (SAT) has asked Sebi to appoint a new whole-time member to review objections raised by Zee's Punit Goenka and Subhash Chandra against the interim order.
The WTM will have to fix a date for the hearing within a week of the duo submitting a reply. The order on the hearing will have to be passed in two weeks after the hearing.
As per media reports, SAT has said in case no WTM was available an officer higher in grade or rank could hear the matter.
