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SEBI to continue proceedings against ZEEL over alleged listing violations

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YourStory · 5m

SEBI to continue proceedings against ZEEL over alleged listing violations

SEBI plans to issue a new show cause notice to ZEEL founder Subhash Chandra and his son Punit Goenka, continuing its investigation into alleged listing norm violations. The contents of the previous 2022 notice will be included in this new proceeding. ZEEL's settlement applications were rejected, prompting further investigation. SEBI will proceed under its authority to impose penalties, incorporating past examination reports and documents as integral parts of the ongoing investigation.

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