The exchange had reportedly filed a plea under the consent mechanism which allows entities to settle any violation without admission or denial of guilt
Sony views the allegations and investigation by the Securities and Exchange Board of India (Sebi) against Goenka as corporate governance issues and it wants to have its executive lead the merged entity
The Securities and Exchange Board of India had barred Goenka from holding the position of director or key managerial personnel (KMP) in the company and other group entities for alleged siphoning off funds
Sebi’s confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations