ZEEL, Punit Goenka Move SAT Against SEBI Ban; Seek Relief for ₹3,143 Cr Fundraise

(ZEEL) and CEO Punit Goenka have approached the Securities Appellate Tribunal (SAT) challenging SEBI’s market-access ban. They are seeking urgent interim relief to proceed with the ₹3,143.5 crore promoter fundraising through convertible warrants. SAT is scheduled to hear the plea. The SEBI order, linked to an unauthorised land pledge, restricted ZEEL’s market access for two months and barred Goenka for one year, raising questions over the preferential issue approved by shareholders. **Top stocks in the media & entertainment industry:** Sun TV Network, Saregama India, and PVR Inox.