News Headline
Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued
MUMBAI: The regulatory investigation against the father-son duo of Subhash Chandra and Punit Goenka seems to be never ending.
Securities watchdog the Securities Exchange Board of India (Sebi) on 2 January said that it will be filing a fresh show cause notice (SCN) against the two and will continue its investigation into listing guidelines violations by Chandra and Zee Entertainment Enterprises Ltd (Zeel). This was spelt out in the adjudication order issued by adjudicating officer (AO) Amit Kapoor on 2 January 2025.
In the order Kapoor stated “that the contents of the SCN dated 6 July 2022 issued by the AO will also be incorporated in the SCN to be issued in the instant matter.”
Zeel and its promoters are under Sebi investigation for not following Listing Obligations & Disclosure Requirements (LODR) 2015. The regulator had issued a show cause notice against them on 6 July 2022.
Both Zeel and Punit Goenka had filed settlement claims to settle the adjudication proceedings. Sebi normally allows entities against whom investigations have been initiated to apply for settlement by paying a certain fee or complying with the rules that the watchdog lays out.
Their application was rejected by a panel of whole time Sebi members who also instructed it to continue with the investigation.
Kapoor’s adjudication order states that once the investigation into the instant matter is complete, the competent authority should proceed against Zeel, Chandra, and Goenka under section 11B of the Sebi Act 1992. (Section 11B gives Sebi the powers to levy penalties. Penalties can vary from Rs 1 lakh to Rs 1 crore or to Rs 25 crore or 10 years in prison or both depending under which section of the Sebi Act or Securities Contracts (Regulation) Act, 1956 they are being levied)
Kapoor’s order further states that the allegations contained in the SCN of 6 July 2022 are to be subsumed with the findings of the further investigation carried out by Sebi in the instant matter.
“Accordingly, the contents of the SCN dated July 06, 2022 issued by the AO including the examination report and all the relied upon documents will be treated as integral part of the further investigation report by Sebi in the matter of Zeel. The contents of the SCN dated 6 July 2022 issued by the AO to Zeel, Chandra and Goenka will also be incorporated in the SCN to be issued in the instant matter. The instant AO proceedings would be dropped against the three, ” he further states in his order.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
