THE BEST THING that Subhash Chandra, Chairman Emeritus of Zee Entertainment Enterprises Limited (ZEEL), and Punit Goenka, MD & CEO, could have hoped for was a stay by the Securities Appellate Tribunal (SAT) on a hugely damaging interim order from the Securities and Exchange Board of India (Sebi)-that has barred them from holding directorships in listed entities. The markets regulator has charged them with having abused their board positions at ZEEL to siphon off funds from the company and violating various Sebi norms.
This story is from the August 06, 2023 edition of Business Today India.
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This story is from the August 06, 2023 edition of Business Today India.
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