SEBI in its order had alleged the two were actively involved in diverting company funds to group's other listed entities related to founding shareholders.
#SecuritiesAppellateTribunal #SubhashChandra #PunitGoenka
https://www.hindustantimes.com/business/securities-appellate-tribunal-refuses-to-stay-sebi-order-against-subhash-chandra-punit-goenka-101688972062422.html

Markets regulator Sebi on Monday barred Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka from holding the position of a director or key managerial personnel in any listed company for siphoning off funds of the media firm.
#SubhashChandra #PunitGoenka #Company
https://www.ndtv.com/business/sebi-bans-subhash-chandra-punit-goenka-from-holding-directorial-position-for-siphoning-off-zeel-funds-4115754