SAT asks Sebi to file reply to Punit Goenka appeal by Sept 4

The Securities Appellate Tribunal (SAT) on Wednesday directed the Securities & Exchange Board of India (Sebi) to file its response by September 4 in an appeal filed by Zee Entertainment Enterprises promoter Punit Goenka against an order of the regulator.

The tribunal also scheduled for September 8 the hearing of Goenka’s plea, challenging Sebi’s confirmatory order barring him from holding any directorship or managerial position in any listed company or their subsidiaries.