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SAT stays SEBI’s order debarring NDTV directors from holding key posts; schedules next hearing on Sept. 16, 2019

June 19, 2019[2019] 106 233 (SAT - Mumbai)

SEBI: Where SEBI by impugned order restrained appellants i.e. Dr. Prannoy Roy and Radhika Roy, from holding or occupying position as director or any key Managerial personnel in NDTV for contravention of Regulations 3 and 4 of PFUTP Regulations, order of restrain prima facie would not be in interest of shareholders of NDTV or investors and, therefore, same was to be stayed till next hearing on 16-9-2019

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