Bizasia: SAT lifts ban on Punit Goenka holding any key managerial positions at ZEE

Story from Bizasia:

Punit Goenka can breathe a sigh of relief after the Securities Appellate Tribunal (SAT) ruled in his favour in an ongoing dispute.

SEBI had barred both Essel Group founder Subhash Chandra and his son Punit Goenka from holding director positions in ZEE Entertainment Enterprises, ZEE Media Corp and the proposed ZEE-Sony merger until the investigation by the regulator ends.

While the investigation in fund-diversions continues, Goenka will be able to remain at the helm as CEO Managing Directer in the ZEE-Sony merged entity.