Sebi asks empanelled law firm to return most briefs given to it

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The Sebi action came after ELP represented Subhash Chandra and Punit Goenka, founder-promoters of Zee Entertainment (ZEE) in the securities appellate tribunal (SAT). The Zee founders had challenged Sebi’s June 12 interim order that restrained them from holding directorships or key managerial positions in listed entities on account of alleged diversion of funds.

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