News for Shirpur Gold Refinery Limited (SHIRPUR-G.BO)

Sebi has referred the matter for further investigation. It had issued a show-cause notice in the matter in July 2022.

Subhash Chandra vs Madhabi Puri Buch: Regulatory official calls allegations "malicious and opportunist"

The Bombay High Court rejected Amit Goenka's challenge against Sebi's appointment of KPMG as forensic auditor for Shirpur Gold Refinery Limited due to delay. Sebi accused the firm of fund siphoning and barred sale of holdings. Goenka raised questions on KPMG's qualifications but can still dispute before Sebi.

To secure a ₹65-crore loan, SGRL had given an undertaking to Industrial Finance Corporation of India (IFCI) that it would maintain its own excess shares besides those of Zee Media, Zee Entertainment (both promoted by Essel Group) and Dish TV India (which is under Chandra's younger brother) to the extent of ₹32.50 crore. The outstanding dues include a principal amount of ₹65 crore along with accumulated interest of ₹27 crore up to October 14, 2021.

The National Company Law Tribunal has deferred the hearing on the proposed Zee-Sony merger to June 26. The merger is aimed at creating a $10 billion media giant with the financial muscle to challenge online streaming platforms such as Netflix and Amazon in India.

The merger between media behemoths Zee Entertainment Enterprises Ltd. and Culver Max Entertainment Pvt. (Sony Pictures) is unlikely to go through in its present shape and form and may have to be modified, experts said a day after SEBI barred Essel Group's Subash Chandra and Zee's Punit Goenka from holding directorial positions.

Sony and Zee may have to propose a new CEO and MD in place of Punit Goenka unless the SEBI order is overturned

The Zee-Sony merger, expected to be completed by the first half of the current fiscal year, has run into several roadblocks in the recent past

India Business News: MUMBAI: The National Company Law Appellate Tribunal (NCLAT) has set aside the NCLT-Mumbai order directing stock exchanges to reassess their approvals .

Representing Zee, senior counsel Mukul Rohatgi argued that the company was not given a fair chance to respond to the affidavit filed by the stock exchanges before the NCLT, terming it a violation of the principles of natural justice.