Mumbai/IBNS, Aug. 14 -- Zee Entertainment Enterprises Ltd (ZEEL) on Friday received interim relief from the Securities Appellate Tribunal (SAT) in its challenge against the Securities and Exchange Board of India (SEBI) order, media reports said.

The tribunal granted the relief subject to the condition that the company deposit the penalty amount.

SEBI found that a ZEEL-owned property in Hyderabad had been pledged as collateral for loans taken by promoter-linked entities without the necessary approvals and disclosures.

The regulator treated the transaction as a violation of securities laws and corporate governance requirements.

SEBI imposed the following penalties and restrictions:

SEBI's concern was that an asset belonging to a listed...