Punit Goenka

18 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Noticees to cease to hold director or KMP in any listed company or subsidiaries until further orders (WTM interim)
Noticees to cease to hold director or Key Managerial Personnel post in any listed company or subsidiaries until further orders per WTM order 12 June 2023
ZEEL to place WTM order dated 12 June 2023 before Board of Directors within 7 days from receipt
Appointed person to pass order within stipulated period per para 32 of 10 July 2023 order
Respondent SEBI to file reply within 48 hours and serve by 2 p.m. on 17.06.2023

SAT-appeal

SAT matter SATV-13EEBE4EFDE0E686727E6FFE
Further hearing listed for 13 September 2023
Appeal: Appeal No. 714 of 2023; order dated 8 September 2023; hearing adjourned and listed for further hearing on 13 September 2023
Issuance of Letter of Comfort dated 4 Sep 2018 pledging ZEEL Rs 200 crore FD for 7 related Essel entities without Board approval, appropriated by Yes Bank; alleged fund siphoning and round-tripping violating LODR.
Noticees to cease to hold director or KMP in any listed company or subsidiaries until further orders (WTM interim) · ZEEL to place 12 June 2023 order before Board within 7 days of receipt
Appeal: Appeal Nos. 492 and 493 of 2023 with Misc. Appl. 731,732,748,749 reserved 27.06.2023 decided 10.07.2023 against WTM interim order
SAT matter SATV-62F57FA70788B2D6CDD73A39
Misc. Application No. 1106 of 2023 (urgency application) allowed and disposed of · Respondent to file reply by September 04, 2023
Appeal: Appeal No. 714 of 2023 with Misc. Application No. 1106 of 2023 pending; urgency application disposed, listed for admission and final disposal on September 08, 2023
SAT matter SATV-6E9668104081B03CE2FA527F
Hearing stated and continuing; listed on June 26, 2023 for further hearing
Appeal: Appeal No. 492 of 2023 (Punit Goenka) and Appeal No. 493 of 2023 (Subhash Chandra) pending; hearing continuing as on 19.06.2023
SAT matter SATV-89260008AF093C1ED42853FA
Put up Misc. Application No.940 of 2023 with record on 27 July 2023
Appeal: Misc. Application No.940 of 2023 in Appeal No.492 of 2023 and Appeal No.493 of 2023 mentioned on 25.7.2023; posted to 27 July 2023
SAT matter SATV-97C17DB86AB662F7B574A5C5
Hearing continuing; listed on June 26, 2023 for further hearing · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal No. 492 of 2023 (Punit Goenka) and Appeal No. 493 of 2023 (Subhash Chandra) pending; hearing continuing as on 19.06.2023
SAT matter SATV-AE6520CC5F5F9AD542FBF221
Respondent arguments concluded; appellant rejoinder continuing; matter listed for further hearing on September 27, 2023
Appeal: Appeal No. 714 of 2023 (Punit Goenka vs SEBI) part-heard and pending; respondent arguments concluded, appellant rejoinder continuing as on 14.09.2023
Issuance of Letter of Comfort dated 4 Sep 2018 without Board approval causing Yes Bank to appropriate ZEEL Rs 200 cr FD for related-party loans; prima facie siphoning/round-tripping of funds.
Noticees to cease to hold director or Key Managerial Personnel post in any listed company or subsidiaries until further orders per WTM order 12 June 2023 · ZEEL to place WTM order dated 12 June 2023 before Board of Directors within 7 days from receipt
Appeal: Appeal Nos. 492 and 493 of 2023 with Misc. Applications 731,732,748,749 of 2023 against WTM ex parte order dated 12 June 2023; reserved 27.06.2023, decision 10.07.2023
SAT matter SATV-BF098E0292ABF1C814230ED1
Additional affidavit filed by SEBI on 27.6.2023 taken on record · Arguments heard, order reserved
Appeal: Appeal No.492 of 2023 (Punit Goenka) and Appeal No.493 of 2023 (Subhash Chandra) with connected Misc. Applications - heard on 27.6.2023, order reserved
SAT matter SATV-D03D83213D2BECA6CB956718
Modified para 36 of 10 July 2023 order: SEBI to appoint another WTM to hear objections · If no WTM available, any authorised officer higher in grade/rank/position to WTM to hear and decide per Clause 3(2)
Appeal: Appeal Nos. 492 and 493 of 2023 against WTM order dated 12 June 2023; Misc. Application No. 940 of 2023 filed 24 July 2023 disposed of on 27 July 2023
SAT matter SATV-DAB12E4D0344A799120AE32F
Hearing continuing; matter put up on September 14, 2023 for further arguments of respondent counsel
Appeal: Appeal No. 714 of 2023 (Punit Goenka vs SEBI) pending; hearing continuing as on 13.09.2023
SAT matter SATV-E2577C606B47B3C7FD431EDE
Put up Misc. Application No.1106 of 2023 in Appeal Lodging No.666 of 2023 along with record on 30 August 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Misc. Application No.1106 of 2023 in Appeal Lodging No.666 of 2023 (Punit Goenka vs SEBI) pending; next listing on 30 August 2023
SAT matter SATV-EA2381DABA1A62A342333CF6
Order reserved after hearing learned senior counsel for parties at length · Written submissions, if any, may be filed within a week from today
Appeal: Appeal No. 714 of 2023 (Punit Goenka vs SEBI) heard on 27.09.2023; order reserved
SAT matter SATV-6342301B2744A27DDE8649BB
Additional affidavit filed during the hearing was not taken into consideration · Hearing adjourned to 27 June 2023 for further hearing
Appeal: Appeal Nos. 492 and 493 of 2023 were pending; hearing adjourned on 26 June 2023 to 27 June 2023
SAT matter SATV-5B66DA5471CEC781A3DD2DDD
List Appeal Lodging No. 446 of 2023 on June 15, 2023
Appeal: Appeal Lodging No. 446 of 2023 (Punit Goenka vs SEBI) mentioned on 13.06.2023, listed for 15.06.2023
Alleged siphoning/diversion of Rs 200 cr via undisclosed Letter of Comfort and circuitous layered transfers to falsely show repayment by associates plus misrepresentation in ZEEL annual report, prima facie fraudulent and unfair trade practice.
Impugned order confirms 12 June 2023 ex-parte order with modifications · Entity No.1 and 2 barred from Director/KMP in ZEEL, Zee Media Corp, Zee Studios, Zee Akaash News till further directions
Appeal: Appeal No. 714 of 2023 reserved 27.09.2023 decided 30.10.2023; prior appeals against 12 June 2023 order disposed 10 July 2023
SAT matter SATV-82B32ABB2E2A563EFDA14A43
No interim order granted as it would virtually allow the appeals · Appeals to proceed to final disposal with early pleadings
Appeal: Appeal No. 492 of 2023 with Misc. Application Nos. 731-732 of 2023 and Appeal No. 493 of 2023 with Misc. Application Nos. 748-749 of 2023 pending; no interim relief; fixed for final disposal on 19.06.2023
SAT matter SATV-E540A905029FF2212571F048
No interim order granted as it would virtually allow the appeals; appeals to be decided finally · Respondent SEBI to file reply within 48 hours and serve on appellants by 2 p.m. on 17.06.2023
Appeal: Appeal Nos. 492 of 2023 and 493 of 2023 pending; listed for admission and final disposal on June 19, 2023

Analyse these matters in Ontology · Plans

Source: SecMarx — Punit Goenka. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.