SAT

ZEE: Sebi set to question ZEE top brass including Subhash Chandra and Punit Goenka on ‘fund diversion’

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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

Sebi: SAT overturns Sebi order in Karvy case

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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