Supre Court's shock to Sahara over Sebi contempt plea
- 5 years ago
India News: The Sahara group and its promoter Subrata Roy today faced a tough time in the Supreme Court which pulled them up for not refunding Rs 24,000 crore to its investors and accused them of 'manipulating courts' by approaching different forums for relief.
A bench comprising justices K S Radhakrishnan and J S Khehar slammed the group and its chief for not filing response on SEBI's contempt plea against them and also issued notice to them on the market regulator's plea to detain Roy and the two male directors - Ashok Roy Choudhary and Ravi Shankar Dubey - to get investors' money back from them.
A bench comprising justices K S Radhakrishnan and J S Khehar slammed the group and its chief for not filing response on SEBI's contempt plea against them and also issued notice to them on the market regulator's plea to detain Roy and the two male directors - Ashok Roy Choudhary and Ravi Shankar Dubey - to get investors' money back from them.