SAT questions Sebi’s two-month ban on Zee; reserves interim order

The Securities Appellate Tribunal (SAT) reserved its interim order on Zee Entertainment’s appeal against the Securities and Exchange Board of India’s (Sebi’s) two-month ban on accessing the stock market.

While no immediate relief was pronounced, the tribunal questioned the rationale behind the 60-day restraint on Zee, asking Sebi what would materially change after two months.

“If Zee can access the market after 60 days, what changes during those two months?” the tribunal asked.