Mumbai, Aug. 2 -- A recent order by the markets regulator barring Zee Entertainment Enterprises Ltd (ZEEL), founder and chairman emeritus Subhash Chandra, and chief executive Punit Goenka from accessing the securities market will likely delay the company's fundraising plans, unless stayed by the appellate authorities, legal experts said.

The Securities and Exchange Board of India (Sebi) on Friday restrained them from accessing the securities market, and prohibited them from buying, selling or otherwise dealing in securities for a specific period.

While ZEEL has been barred for two months, Chandra and Goenka have been barred for 12 months in a case involving unauthorised pledge of the company's land in Hyderabad for loans by Essel Group ...