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Continuous delay in Merger Proceeding by Creditors
SEBI’s Shirpur Gold Refinery Order on Fund siphoning
Now,
SEBI asked resignation of Punit Goenka, MD CEO of Zee as well Mr. Chandra of Essel Group.
Let’s take a deep dive into this interim order and understand!
#Zeel
SEBI’s Shirpur Gold Refinery Order on Fund siphoning
Now,
SEBI asked resignation of Punit Goenka, MD CEO of Zee as well Mr. Chandra of Essel Group.
Let’s take a deep dive into this interim order and understand!
#Zeel
Background
Resignation of 2 Independent Director - Sunil Kumar and Neharika Vohra in Nov’19 on misappropriation of FD of Zee by Yes Bank for squaring off loan of other Essel grp entities
Resignation of 2 Independent Director - Sunil Kumar and Neharika Vohra in Nov’19 on misappropriation of FD of Zee by Yes Bank for squaring off loan of other Essel grp entities
Mr Subash Chandra, then chairman of Zeel/Essel grp provided LoC to yes bank on 200 Cr Loan o/s in Essel Green Mobility Limited. as per LoC, he accepted that Essel group companies incl Zee will have FD of 200 Cr that can be used in event of default
