Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the “backbone is stable”. Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) will question the top management of Zee Entertainment Enterprises (ZEE) – including founder Subhash Chandra, chief executive and managing director Punit Goenka, the chief financial officer, as well as current and past board members – on the alleged fund diversion at the media firm, said two … Read more
Mumbai: The Securities Appellate Tribunal (SAT) quashed market regulator Sebi’s orders against lenders, including Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, prohibiting them from revoking the shares pledged by Karvy Stock Broking. The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and … Read more
