The Supreme Court, on March 21, 2017, warned the Sahara Group that it will auction its prime property worth Rs 39,000 crores at Aamby Valley in Pune, if Rs 5,092.6 crores is not paid R
The Supreme Court, on February 6, 2017, directed attachment of the Sahara Group’s Aamby Valley property in Pune, for realisation of money to be paid to its investors. The apex court also asked the R
Making a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator Sebi has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments
The latest exercise follows a similar attempt made by the Securities and Exchange Board of India (Sebi) in August, wherein the eligible bondholders were asked to submit their refund claims to the regulator by September 30, 2014.
In an order passed on July 17, 2013, the Supreme Court had said that "no High Court, Securities Appellate Tribunal and any other Forum shall pass any orders against the orders passed by Sebi in implementation of this Court's judgement dated August 31, 2012"
Did you see the Sahara advertisements last weekend? Menaka Doshi asks – did Sahara force redemptions on its investors? Either that or crores of its investors died in the past 12 months!