Sebi Starts Repaying Investors In Sahara Case

The Securities and Exchange Board of India (SEBI) should come out with a mechanism to verify the genuineness of investors, who had invested in the Sahara group, and start refunding money to them, the Supreme Court said. A bench of justices K. S.

Zee Media BureauNew Delhi: The Supreme Court on Wednesday rejected Sahara Chief Subrata Roy's plea on attachment of his and other Sahara directors properties.SC will hear Sebi's contempt plea against the Sahara Group on 17 July. Sahara group and ...

The Supreme Court, on Thursday, stayed all further proceedings initiated by Sahara group before the SEBI Appellate Tribunal and the Allahabad High Court relating to attachment of properties of Sahara and its directors. A Bench of Justices K. S.

Also notice issued on Sebi's plea seeking transfer of all cases filed by them to Supreme Court TEXT SIZE : A | A | A TOOLS RELATED STORIES The Supreme Court Thursday, 2 May 2013, stayed proceedings on pleas filed by Sahara Group and its chief ...

, the Subrata Roy-led conglomerate has bought 25 acres in Bangalore's IT hub Whitefield for Rs 149 crore from the Asset Reconstruction Company of India (Arcil), which had picked it up from a clutch of banks and financial Institutions after the ...

0 Comments, Be the first to comment Moneylife Digital Team | 30/04/2013 11:40 AM | The counsel of the Sahara Group said there was no case of wilful disobedience of the apex court order as the documents have been supplied to SEBI and on 5 December ...

The Sahara group mentioned the matter before a bench headed by Justice K S Radhakrishnan and said they have filed affidavits relating to the contempt notice and need more time to file a response in relation to the application by the stock market ...

The apex court slammed the group and its chief for not filing response on SEBI's contempt plea against them. (PTI/File) The Sahara group and its promoter Subrata Roy today faced a tough time in the Supreme Court which pulled them up for not ...

Over three-and-a-half years after receiving draft papers for the proposed IPO of Sahara Prime City Ltd, Sebi has formally closed this file as the company failed to submit clarifications sought by the market regulator.Sebi closed file on the Rs 3,450-crore (Rs 34.5 billion) IPO proposal last week without any go-ahead for public issue, after various clarifications sought from merchant bankers for the share sale remained pending for months together.Sebi had received the draft prospectus for the ...