Going ahead with its crackdown against collective investment schemes, Securities Appellate Tribunal (SAT) gave 18 months to Alchemist Infra Realty Ltd for complying with Sebi orders to refund Rs 1,000 crore, which was collected via CIS.
Sebi's blow last night has sent the Subrata Roy promoted Sahar Group reeling. Sebi orders backed by two Supreme Court rulings, has left little wiggle room for Sahara. CNBC-TV18‘s Ashmit Kumar reports.