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
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Arguing on behalf of Goenka, senior counsel Abhsihek Manu Singhvi pointed that there had been no loss to Zee and no gain to Goenka in the alleged matter
Chandra will also get back three properties, one of which is a bungalow in central Delhi
With JC Flowers ARC's 24.19% stake in the company, Chandra's total holding in the satellite TV operator will rise to 28.2%, if the transaction goes forth
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