The tribunal, however, refused to provide interim relief to Goenka, who had appealed against the August 14 order.
In a strongly worded statement, the single-judge bench led by Justice Tarun Agarwala said it was "not satisfied" with the confirmatory order and did not agree with the impugned order at all.
"We are not satisfied with eight months. The Sebi investigation can't go on indefinitely. The merger has happened with the consensus of the shareholders. There is public interest involved. If the public says that he (Punit Goenka) should be director then it does have a bearing," Justice Agarwala said.
Denne historien er fra August 31, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra August 31, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Murdoch ally helps Ambani build media empire in India
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