Subhash Chandra

Subhash Chandra admits Zee News led the charge against Rhea Chakraborty, apologising as the CBI confirms Sushant Rajput's death was not a murder

The matter pertains to alleged violations of LODR regulations

Regulatory official calls allegations "malicious and opportunist"

Zee founder had filed writ petition against regulator's summons in fund diversion case

Chandra had filed an appeal against the order and summons by Sebi in the alleged fund diversion matter in Zee Entertainment Enterprises

Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

He also said that there have been structured attempts against it by the governing class

Media baron Subhash Chandra on Monday said despite various challenges, Zee Media remains committed to deliver unbiased and credible news focused on public interest. Addressing a press conference here, he asked all stakeholders, including viewers and regulatory bodies, to recognise and stand against the threats to press freedom. "A free and independent media is crucial for the health of our beloved country in terms of its economy, the social structure, protection of weaker people of society, reduction of corruption and finally the democracy," Chandra said. Media is considered as the fourth pillar of democracy but faces increasing pressure from the governing class, whether the legislature, executive, corporates and more, he said. There are structured attempts to malign the media to achieve their agenda, he added. "Governments exert pressure on media through advertising influence or use of state machinery to threaten so that the press can be prevented from publishing factual ...

Zee's Subhash Chandra had argued that the NCLT cannot rule on an individual's insolvency

The court had earlier given Sebi two weeks to file its reply. The bench led by Justice G.S. Kulkarni and Justice Firdosh Pooniwala on Wednesday directed Chandra to file a rejoinder in the matter

The market regulator's statement comes in a response to the petition filed by Chandra alleging that the summons issued by Sebi is effectively a show cause notice and contains "conclusive" allegations

The market regulator is investigating the alleged fund diversion by Chandra and his son Punit Goenka, who is also the managing director and chief executive officer of Zee

SAT to hear the matter next on March 8, gives 10 days to Sebi to file reply

This comes just a day after media reports suggested that Sebi has found an accounting 'hole' of Rs 2,000 crore in Zee's books

Stock tanks 14% amid reports of 10x fund diversion; Sebi final order expected by mid-April

In the same order, issued in August 2023, Chandra's son Punit Goenka was granted relief by the tribunal

A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd

Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony

Last month, the two companies were given a one-month grace period to close the merger of their India operations

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity