SEBI postpones action against Zee Chairman Subhash Chandra in a fund diversion case until April 30.

SEBI extends its undertaking not to take action against Subhash Chandra, Chairman of Zee Entertainment Enterprises, in a fund diversion case summons, until April 30. The Bombay High Court grants SEBI a two-week period to file a response, and Chandra's counsel is preparing a rejoinder. The court adjourned the proceedings until April 30, maintaining previous statements and actions in effect.

April 10, 2024
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