Bombay HC directs Subhash Chandra to furnish documents sought by Sebi

The Bombay High Court on Wednesday directed Essel Group Chairman Subhash Chandra to furnish documents and information sought by the Securities and Exchange Board of India (Sebi) in its summons in an alleged fund diversion case involving Zee Entertainment Enterprises.

Chandra has been given four weeks to respond to the Sebi’s summons issued on March 27. The court has clarified that Chandra may not respond to an earlier summons issued by the markets regulator on January 12.