The Zee Ent promoter has been barred holding key positions in four group firms and merged entity
According to Sebi's order, Goenka will remain barred from holding key positions in the merged entity too
SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator
An Indian tribunal on Monday dismissed an appeal by former Zee Group Chairman Subhash Chandra and Zee Entertainment CEO Punit Goenka to lift the markets regulator's ban
Tribunal directs founders to respond within two weeks; asks Sebi to appoint new WTM to probe the matter
Economic Laws Practice defended the founders of Zee Entertainment in a case against the regulator in the securities appellate tribunal
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Goenka was set to become the merged entity's managing director and CEO, leading a $10 billion TV enterprise
Goenka and Chandra have denied the charges and moved the Securities and Appellate Tribunal (SAT), asking it to stay the order where the matter is pending
Sony Pictures Entertainment on Wednesday said it took the India markets regulator's order banning Zee Entertainment founder and chief executive officer from holding board positions seriously
The stock quoted its lowest level since September 2021, with over three-fold jumped in average trading volumes
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In affidavit to SAT, regulator says move taken to safeguard management, protect investors and stakeholders
Tribunal asks markets regulator to file reply within 48 hour, posts matter for June 19
The board is currently reviewing the detailed order and appropriate legal advice is being sought in order to take the next steps as required, Zee Entertainment Chairman R Gopalan said
The matter pertains to a Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore
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Regulator passes interim order following allegations of fund diversion in Zee Entertainment and other Essel firms
The matter dates back to September 2020 when ZEEL announced the launch of pay-per-view service Zeeplex