SEBI's interim order restricting Subhash Chandra and Punit Goenka from key managerial roles has not been stayed by the SAT. A final hearing is scheduled on June 19. Goenka has appealed, citing a lack of natural justice.
SEBI has 48 hours to respond to Zee Entertainment promoters' petition challenging a recent interim order. The order could impact the $1.6bn merger with Sony Corp. SAT wants a prompt response to avoid impacting the merger hearing.
SEBI's interim order restricting Subhash Chandra and Punit Goenka from key managerial roles has not been stayed by the SAT. A final hearing is scheduled on June 19. Goenka has appealed, citing a lack of natural justice.
SEBI has 48 hours to respond to Zee Entertainment promoters' petition challenging a recent interim order. The order could impact the $1.6bn merger with Sony Corp. SAT wants a prompt response to avoid impacting the merger hearing.