SC notice to Sahara for not refunding Rs 24,000 crore

Pulls up SEBI for not taking action against Sahara for non-compliance of its order

PTI | February 6, 2013



Supreme Court issues notice to Sahara Group on a contempt plea by SEBI for not refunding Rs 24,000 crore to its investors.

SEBI is free to freeze accounts of two companies of Sahara Group and seize their property for not complying with our order, SC says.

SC pulls up SEBI for not taking action against Sahara for non-compliance of its order.

SEBI tells SC that it has taken steps for freezing bank accounts of the Sahara companies.

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