- SEBI TO CONTINUE PROBE, MAY APPROACH SC
IN A HUGE relief to Punit Goenka, the Securities Appellate Tribunal (SAT) on Monday set aside the Securities and Exchange Board of India's (Sebi's) August 14 order that barred the former top executive at Zee Entertainment Enterprises from holding key managerial positions in group companies.
The tribunal, however, allowed the market regulator to continue its investigation into the alleged fund diversion case, which the latter said involved Goenka and his father Subhash Chandra.
The decision enables Goenka to return as managing director (MD) and CEO of Zee, where he will lead one of the largest merged entities in the domestic media and entertainment sector, following the proposed merger with Sony (Culver Max Entertainment).
A panel headed by Justice Tarun Agarwala said on Monday that the order could not be sustained."The confirmatory order passed by Sebi on August 14 is set aside.The appeal is allowed. The appellants, however, will co-operate in the ongoing investigation," said Justice Agarwala.
هذه القصة مأخوذة من طبعة October 31, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 31, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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