09-01-2013
Apex Court Rejects Sahara's Review Appeal
On Aug 31, 2012, Apex court ordered the two Sahara group firms - Sahara India Real Estate Corporation Ltd. (SIRECL) and Sahara Housing Investment Corporation Ltd. (SHICL) to refund Rs 24,000 crore with 15 percent interest to about three crore investors.In its order dated Jan 8, 2013, the apex court had directed Sahara Group to immediately give a demand draft of Rs 5,120 crore to market regulator Securities and Exchange Board of India (SEBI).
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