Sebi files contempt plea against Sahara in Supreme Court Sebi files contempt plea against Sahara in Supreme Court
Market regulator Sebi filed a contempt petition against the
Sahara Group in the Supreme Court for not complying with its directions
relating to refund of about Rs 24,000 crore by its two firms to their
investors.
PTI - New Delhi,
- Updated Nov 03, 2012, 5:49 PM IST
Market regulator Sebi on Friday
filed a contempt petition against the Sahara Group in the Supreme Court for not complying with its directions relating to refund of about Rs 24,000 crore by its two firms to their investors.
The
petition by SEBI said the two firms, Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC), have not followed the apex court's direction to furnish within 10 days the information about the investors.
Published on: Nov 03, 2012, 9:38 AM IST
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