SAT reserves order in Punit Goenka vs SEBI matter
The Securities Appellate Tribunal (SAT) has reserved order in ZEEL MD and CEO Punit Goenka's appeal against Sebi's order. Sebi banned him and his father Subhash Chandra Goenka from directorial roles due to alleged unauthorized money transfers within Essel Group companies. The order also prevents Punit from leading the Sony-Zee merger, despite regulatory approvals.
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