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SEBI begins repayment process in Sahara case SEBI begins repayment process in Sahara case The refunds are being made from Rs 5,120 crore that has been deposited by the Sahara group, which claims to have already returned close to Rs 20,000 crore to the bondholders of two Sahara firms directly.
SC rejects Subrata Roy’s plea on attachment of property papers SC rejects Subrata Roy’s plea on attachment of property papers Sahara group and SEBI are locked in legal dispute over the refunding of 24,000 crore by its two companies--SIREC and SHIC.
SC stays proceedings on Sahara group’s petition SC stays proceedings on Sahara group’s petition A bench comprising by Justices K S Radhakrishnan and J S Khehar also issued notice to them on SEBI's plea seeking transfer of all cases filed by them in Securities Appellate Tribunal and Allahabad High Court to Supreme Court.
No contempt made out against us: Sahara to SC No contempt made out against us: Sahara to SC The Sahara group and its promoter Subrata Roy Monday told the Supreme Court that no case of contempt is made out against them as they have complied with its directions on the issue of supplying documents to SEBI and has started refunding Rs 24,000 crore to its investors.
Deal sternly with companies indulging in manipulative practises: SC to SEBI Deal sternly with companies indulging in manipulative practises: SC to SEBI The Supreme Court has asked SEBI to deal sternly with companies indulging in manipulative and deceptive practises to send a clear message that market abuse will not be tolerated in the country.
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