Zee, Punit Goenka move SAT against SEBI market ban
Zee Entertainment and CEO Punit Goenka on Monday appealed to the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (SEBI) order issued on July 31 barring them from accessing the securities market. The order had come just hours after Zee had secured shareholder approval for its Rs 3,143.5-crore promoter fund raise.
SAT has listed the matter for hearing on Wednesday after the appellants sought an urgent hearing and interim relief in the matter. The appellants have sought a stay on the market-access restrictions pending the final hearing of their appeals.
