Sebi to continue proceedings against ZEEL, issue fresh show cause notice

Markets watchdog Sebi on Thursday said it will slap a fresh show cause notice on ZEEL founder chairman Subhash Chandra, and his son Punit Goenka as it vowed to continue the investigation into alleged violation of listing norms against the media baron and his company.

The order passed by Sebi’s adjudicating officer said the contents of the earlier Show Cause Notice (SCN) issued to them will also be incorporated “in the SCN to be issued in the instant matter”.