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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
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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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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 stock of TV broadcasting & software production had dipped 15 per cent in past six trading days between February 17 and February 27.