SEBI: Unwilling Or Unable To Take Action Against Sahara?
Earlier this week Sebi filed a second contempt petition against the Sahara Group, alleging non-compliance of the order delivered by the Chief Justice of India on December 5.
The SEBI-SAHARA battle keeps making headlines...week after week after week. In the last 5 months two different Supreme Court benches have in no uncertain terms told Sahara to pay up over 20,000 crores to SEBI so that the regulator can refund the money to Sahara‘s verified OFCD investors.
The Sebi vs Sahara battle continues in the New Year. Both sides are burning the midnight oil to make their case in the Apex Court. While Sahara has moved a review petition against the courts order directing it to repay investors,
Yesterday, the Supreme Court was expected to review the cancelled 122 2G licences. They were cancelled in February. There was review petition on that by most of the telcos. CNBC-TV18’s Malvika Jain reports.
The economy is waiting with bated breath for the Supreme Court’s (SC) verdict on the review of its now famous 2G case where it cancelled licenses of a bunch of telecom operators on the ground that they were not procured through proper means. CNBC-TV18's Malvika Jain reports.