On June 15, SAT had directed them to respond to Sebi's submission on or before June 19, when the tribunal would take up the matter for final disposition
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's
plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders.
In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra
Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency
"there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading."