The story so far
SEBI Bans Zee Executives
Tracked across 4 sources · Updated 6h ago
SEBI barred Subhash Chandra and Punit Goenka for one year for unauthorised mortgage of Zee Entertainment's Hyderabad land as security for loans. ZEEL was fined ₹3 million and barred for two months.
How it unfolded
19h ago
Zee fined ₹3 million, barred for two months
2d ago
SEBI bars Zee founders for one year over mortgage
What happened earlier
Latest updates
Latest
Full story →SEBI bars ZEE executives Subhash Chandra and Puneet Goenka from securities market for one year: Read why
SEBI barred ZEE executives Subhash Chandra and Puneet Goenka from the securities market for one year.
The ban relates to an unauthorised pledge of ZEEL's immovable assets in Hyderabad to secure loans for promoter-linked entities.
Earlier · 1d ago
Full story →SEBI bars Punit Goenka, Subhash Chandra for a year over unauthorised mortgage of ZEEL property
SEBI has barred Punit Goenka and Subhash Chandra for one year over unauthorized mortgage of ZEEL property.
The action relates to the mortgage of ZEEL's Hyderabad land as additional security for loans worth Rs 726 crore.
The loans were availed by four Essel Group entities without approval from ZEEL's board or shareholders.
The ban is part of SEBI's final order in the matter.
Earlier · 19h ago
Full story →Sebi bars Zee’s Chandra, Goenka from market for 1 year
Sebi banned Zee group's Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging ZEEL's Hyderabad land parcels as security for personal loans.
Chandra was fined Rs 60 lakh, Goenka Rs 58 lakh, and Zee Entertainment Enterprises Rs 30 lakh for the fraudulent acts carried out in 2018.
In December 2016, four privately held entities controlled by Chandra and his family took loans aggregating Rs 726 crore, and in November 2018, the lender sought additional security.
Chandra, as ZEEL chairman, misused his position to hand over the original title deeds of the Hyderabad land, falsely declaring it had management approval, putting the company's asset at risk for personal benefit.
Sebi's 150-page order noted the true nature of the transaction was never disclosed, and the incident was projected as a misplacement of documents, showing absence of good faith.
Earlier · 13h ago
Full story →Zee's Subhash Chandra, Punit Goenka fined by SEBI, barred from markets for one year
SEBI fined Zee Entertainment Enterprises, CEO Punit Goenka, and Chairman Emeritus Subhash Chandra a total of ₹14.8 million for securities law violations.
Goenka was fined ₹5.8 million and Chandra ₹6 million; both were barred from the securities market for one year.
ZEEL was fined ₹3 million and barred from the securities market for two months.
SEBI found ZEEL used its Hyderabad land as security for loans totaling ₹726 crores taken by four Essel Group entities from Indiabulls Housing Finance on December 13, 2016, without proper approvals or disclosure.
The regulator ruled the unauthorized collateralization was fraudulent, harming investor interests under the SEBI Act and PFUTP Regulations.