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    <title>Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case</title>
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    <description>Unauthorised pledge of ZEEL&#039;s Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land&#039;s deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction&#039;s nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.</description>
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      <description>Unauthorised pledge of ZEEL&#039;s Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land&#039;s deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction&#039;s nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.</description>
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