Subhash Chandra, Punit Goenka move SAT against SEBI order barring them from holding directorial posts

The duo in their plea claimed violation of principles of natural justice, stating that no show cause notice was issued to them before the order was passed.
Subhash Chandra, Punit Goenka, Securities Appellate Tribunal
Subhash Chandra, Punit Goenka, Securities Appellate Tribunal

Essel Group chairman Subhash Chandra and Chief Executive Officer (CEO) of Zee Entertainment Enterprises Limited (ZEEL) Punit Goenka have approached the Securities Appellate Tribunal (SAT) against the interim order of Securities and Exchange Board of India (SEBI) order barring them from holding directorial or key managerial positions (KMP) in any listed company or its subsidiaries.

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