Mumbai: The Securities Appellate Tribunal (SAT) has adjourned the hearing of the plea to 26 June by Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises CEO Punit Goenka.

The duo had filed a plea asking the Sebi order to be set aside. The market regulator had barred the two from holding any directorial or managerial position for a year as an action against the two for siphoning off funds from the listed entity for their own benefit.

As per media reports, Goenka's counsel said that the petitioners have appealed against an ex-parte order since the regulator has said it is "curious" but hasn't "reached a conclusion".