On Borrowed Time
Business Today India|August 06, 2023
It's back to Sebi for the ZEEL promoters. How long it takes them to get closure on a host of serious issues is anyone's guess now
KRISHNA GOPALAN
On Borrowed Time

THE BEST THING that Subhash Chandra, Chairman Emeritus of Zee Entertainment Enterprises Limited (ZEEL), and Punit Goenka, MD & CEO, could have hoped for was a stay by the Securities Appellate Tribunal (SAT) on a hugely damaging interim order from the Securities and Exchange Board of India (Sebi)-that has barred them from holding directorships in listed entities. The markets regulator has charged them with having abused their board positions at ZEEL to siphon off funds from the company and violating various Sebi norms.

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