SAT asks SEBI to change whole time member who will hear Punit Goenka, Subhash Chandra siphoning of funds case

It observed that the WTM who barred Goenka and Chandra from holding directorial positions could have been influenced by proceedings he was presiding over, which may have involved the Zee promoters.
SAT mumbai
SAT mumbai

The Securities Appellate Tribunal (SAT) today directed the Securities and Exchange Board of India (SEBI) to appoint another Whole Time Member (WTM) to hear the appeal filed by Zee Entertainment Enterprises Limited (ZEEL) promoters Punit Goenka and Subhash Chandra challenging allegations of siphoning of funds made against them.

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