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.
This story is from the August 31, 2023 edition of Financial Express Mumbai.
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This story is from the August 31, 2023 edition of Financial Express Mumbai.
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