SAT dissatisfied with SEBI order barring Subhash Chandra, Punit Goenka from directorial positions

SEBI had ordered that Chandra and Goenka cannot hold directorial positions in listed companies during the investigation pending against them in relation to fund embezzlement.
Subhash Chandra, Punit Goenka, Securities Appellate Tribunal
Subhash Chandra, Punit Goenka, Securities Appellate Tribunal

The Securities Appellate Tribunal (SAT) on Wednesday expressed its dissatisfaction with the order passed by the Securities and Exchange Board of India (SEBI) barring Essel Group Chairman Subhash Chandra and Chief Executive Officer (CEO) of Zee Entertainment Enterprises Limited (ZEEL) Punit Goenka from holding directorial positions in listed companies during the investigation against them in relation to fund embezzlement case.

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