SEBI Order: SAT Denies Interim Stay in the ZEEL Case

SAT Denies Interim Stay in the ZEEL Case

As per media reports, Subhash Chandra and Punit Goenka will be replying to Sebi in two weeks

The Securities Appellate Tribunal has refused to grant an interim stay on Sebi’s order against Subhash Chandra and Punit Goenka, as per media reports.

The duo will be replying to Sebi in two weeks.In June last week, SAT deferred their plea to July 27.
The market regulator has restrained the duo from holding key managerial positions in listed entities.

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