It observed that the WTM who barred Goenka and Chandra from holding directorial positions could have been influenced by proceedings he was presiding over, which may have involved the Zee promoters.
Goenka and Chandra challenged a SEBI interim order barring them from holding directorial or key managerial positions (KMPs) in any listed company or its subsidiaries.
Sebi had taken action against Chandra and Goenka, who serve as the Managing Director and CEO of Zee Entertainment Enterprises Ltd (ZEEL), for alleged misappropriation of ZEEL's funds. Subsequently, Chandra and Goenka challenged the Sebi order at SAT, citing the absence of a show cause notice and a violation of the principles of natural justice., Companies News, Times Now
Earlier, in April 2023, the company completed a bonus issue in the ratio of 2:3, i.e. two equity shares for every three existing equity shares held by the shareholder as on record date., Companies News, Times Now
Reliance Industries Ltd (RIL) is reportedly in talks with lenders such as Bank of America, Citigroup, and Standard Chartered to secure a USD 2 billion loan in order to fund expansion plans. , Companies News, Times Now