The Securities Appellate Tribunal (SAT) on Wednesday directed Sebi (Securities and Exchange Board of India) to submit a response to Punit Goenka’s appeal by September 4.
As reported by Moneycontrol, the case has been scheduled for a conclusive hearing on September 8. Punit Goenka, the former CEO of Zee Entertainment Enterprises Ltd (ZEEL), has challenged a Sebi ruling that prohibits him from occupying directorial or significant managerial roles within the company and other entities.
The appellate tribunal further said that it is not satisfied with the amount of time taken by Sebi for investigation. “Sebi can’t keep going on with its investigation,” it said
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Updated: 30 Aug 2023, 12:42 PM IST
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