SAT directs NDTV to deposit 50% of the disgorged amount to SEBI within four weeks

Posted in:

The Securities Appellate Tribunal (SAT) in Mumbai at a hearing earlier this week directed New Delhi Television Limited (NDTV) to deposit 50 percent of the disgorged amount before the Securities and Exchange Board of India (SEBI) within four weeks from January 4, 2021.

The Hon’ble SAT noted that if NDTV deposits the amount the balance amount will not be recovered during the pendency of the appeal before SAT.

SAT further noted that the appeals filed by founders of NDTV Prannoy Roy and Radhika Roy needed consideration and directed the appeals to be listed before the tribunal for final disposal on February 10, 2021.

The Founders shall urgently file an appeal in the Hon’ble Supreme Court against the aforesaid order dated January 4, 2021 passed by the Hon’ble SAT,” stated NDTV in a filing with BSE.

DreamDTH is the source for breaking news and exclusive updates in DTH and Television industry! For the latest news and updates, follow us on Twitter, Google News, Telegram and Facebook. For the latest videos updates, subscribe to our YouTube channel.

Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

Editor-in-chief

Basil currently works as the Editor-in-chief at DreamDTH. He likes to write and cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Visit our forums

Join the discussions with thousands of active members who share the same interests as you and learn something new...