Sebi strikes Supreme Court docket in search of Rs 62,603-crore deposit from Sahara Group


Searching for early itemizing of its utility, Sebi mentioned Roy and different contemners have been in violation of assorted orders of the SC that directed deposit of your entire cash collected from buyers together with curiosity.

Sebi on Wednesday moved the Supreme Court docket in search of a path to the Sahara Group to forthwith deposit of Rs 62,603 crore, failing which its chief Subrata Roy and others be directed to be taken into custody, as directed by its June 2015 judgment.

Searching for early itemizing of its utility, Sebi mentioned Roy and different contemners have been in violation of assorted orders of the SC that directed deposit of your entire cash collected from buyers together with curiosity.

As on September 30, the whole internet legal responsibility of the Sahara Group is Rs 62,603 crore, together with curiosity calculated on the 15% charge when it comes to the unique August 31, 2012 judgment, it claimed.

Roy and its two administrators are out on parole since Might 2016 after spending two years at Delhi’s Tihar Jail. Roy and others are in judicial custody since March 4, 2014, for not complying with the apex court docket’s August 31, 2012, and December 5, 2012, orders regarding refund over Rs 24,029 crore raised from three crore bond buyers by two group corporations.

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