GECs
Star to launch new weekly comedy in September
MUMBAI: Another weekly serial launches on 10 September in the 8 pm slot on Star Plus.
Khichdi is a concoction of characters and their emotions, idiosyncrasies, likes, dislikes, relationships and dreams, all done to imperfect perfection in a melting pot, which happens to be their home, says an official release from Star. The weekly comedy is about an upper middle class family, which is still way behind modernisation.
Directed by Aatish Kapadia, the story revolves around Mohan Niwas, a bungalow that houses a host of characters, ranging from an adventurous greatgrandmother, (Dina Pathak), an ensemble of devilishly funny women, (Supriya Pathak, as Hansa the eledest daughter-in-law and Vandana Pathak as the widowed Jayshree), and their spouses. Anang Desai and Rajeev Mehta complete the cast of the serial, produced by UTV & Hats off Productions.
The Parekhs, says the release, are the ideal example of a Hindu undivided joint family, as they go about creating a mishmash of situations to spice up their life.
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
