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SC grounds Subrata Roy, bars Sahara from selling any property

Last Updated: Thursday, November 21, 2013, 18:10

Tightening the noose around Sahara group for not refunding Rs 20,000 crore investors money, the Supreme Court Thursday barred its chief Subrata Roy from leaving the country and also restrained it from selling any of its properties.

SEBI gets flooded with Sahara refund claims

Last Updated: Sunday, June 09, 2013, 14:31

In the high-profile Sahara case involving refund of over Rs 24,000 crore to investors, market regulator SEBI has got a new problem at hand -- that is handling the huge volumes of refund claims with majority of them being without necessary documents and details.

SC stays proceedings on Sahara group’s petition

Last Updated: Thursday, May 02, 2013, 19:35

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.

SEBI-Sahara case: Subrata Roy, others summoned Wednesday

Last Updated: Tuesday, April 09, 2013, 17:19

While the group officials did not comment on whether Roy and others would appear before SEBI Wednesday, SEBI had ordered their personal appearance in an order dated March 26.

SEBI is rich men's regulator, does not understand poor investors: Sahara

Last Updated: Thursday, April 04, 2013, 21:22

Justifying its claims of over Rs 20,000 crore refunds made to investors in cash, Sahara group Thursday hit back at SEBI and accused it of "being a "rich men's regulator that does not understand poor investors".

SC agrees to give early hearing to SEBI plea against Sahara

Last Updated: Thursday, April 04, 2013, 21:16

The Supreme Court Thursday agreed to give an early hearing to SEBI's plea seeking its permission to detain Sahara Group's chairman Subrata Roy Sahara and to initiate contempt proceedings against him for not complying with its orders to refund Rs 24,000 crore to investors.

SEBI takes a dig at Sahara refund claims

Last Updated: Wednesday, April 03, 2013, 19:11

"There is a famous case. I need not name it, but there is this particular company that claims to have returned more than Rs 20,000 crore to their so-called investors and more than 90 percent of this refund has been made in cash in the last 3-4 months.

Final SAT hearing on Sebi's Sahara attachment orders on Tuesday

Last Updated: Monday, March 25, 2013, 20:08

The Securities Appellate Tribunal will hold its final hearing tomorrow on Sahara group chief Subrata Roy's plea against Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives.

Sahara case: SAT to hear Subrata Roy's appeal against Sebi on Mar 11

Last Updated: Thursday, March 07, 2013, 12:48

The SAT had listed the appeal for 'admission' Thursday, but decided to post the matter for March 11 before the Tribunal's Presiding Officer.

Sahara refund case: Subrata Roy approaches Tribunal

Last Updated: Wednesday, March 06, 2013, 21:41

The Securities Appellate Tribunal will hear on Thursday an appeal by industrialist Subrata Roy Sahara, whose group is entangled in a long-running case with market regulator SEBI in connection with refund of money raised from public through issuance of bonds.

SC refuses to grant more time to Sahara to refund Rs 24,000 cr

Last Updated: Monday, February 25, 2013, 18:37

A bench headed by Chief Justice Altamas Kabir, which had earlier extended the deadline to two companies of the group for refunding the money from November end to first week of February, refused to grant more time.

Sahara claims Sebi order based on old facts

Last Updated: Thursday, February 14, 2013, 00:31

Facing orders for freezing of bank accounts and attachment of properties, Sahara group tonight claimed the actions taken by Sebi are based on "old facts" and the orders for attaching assets of individuals is incorrect on part of the market regulator.