Note that SEBI has backed Franklin Templeton Mutual Fund (FTMF)âs position on winding up six debt schemes. In the latest affidavit filed with the Supreme Court, SEBI affirmed that FTMFâs winding-up proposal was approved by an âoverwhelming majority of over 96 ⦠In October, the Securities and Exchange Board of India (SEBI) moved the top court⦠New Delhi: The Supreme Court is set to take up the SEBI-Sahara case again on Tuesday. e-paper. SEBI can attach properties and freeze bank accounts of the Sahara Group if they do not comply with the court's earlier order of refunding their investors. Supreme Court to hear Sahara-SEBI refund dispute today By: ANI Updated: 11 September 2017, 9:35 AM (IST) New Delhi [India], September 11 (ANI): The Supreme Court on Monday will hear the case involving Sahara India's Chief Subrata Roy and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors. Keep me up to date! The Apex Court had decided to hear the Sahara refund case on February 6 after Subrata Roy's lawyer Kapil Sibal urged that this matter be advanced. ... Today, Sebi has around Rs.11,500 crores of Sahara's money, including bank interest. The Supreme Court on Tuesday asked SEBI to initiate the process of selling 87 "unencumbered" properties of Sahara group, whose title deeds are with the market regulator, to generate the bail money for release of its chief Subrata Roy who has been in jail for two years now. Business. Sahara has moved the Supreme Court and claimed that SEBI seeking a Rs 62,600 crore deposit from it is a clear case of contempt of court and to cause public outrage against Sahara. PTI New Delhi Sebi-Sahara case: Supreme Court summons Subrata Roy to be present in court on 28 Supreme Court of India (Photo: Mint) 2 min read . New Delhi: The Supreme Court will hear a case on Tuesday involving Sahara chief Subrata Roy and the Securities and Exchange Board of India (SEBI) over a ⦠Sahara : Subrata Roy Gets 10 More Days To Deposit Rs 700 Cr; Bail Extended Till Jul 5. The Supreme Court on Thursday directed Sahara group chief Subrata Roy to appear before it on Feb. 28 for failing to deposit Rs 25,700 crore in the Securities and Exchange Board of India-Sahara case for returning investorsâ money, warning that âthe law will take its own courseâ now. The Sahara India Parivar on Friday refuted the Securities and Exchange Board of Indiaâs (SEBI) claim on it and said that that the market regulator has committed contempt of court. New Delhi [India], November 23 (ANI): The Supreme Court will today hear the Sahara-SEBI case.. advertisement. Waiting for approval in browser.. Do you want to stay up to date of all the news about General News? News Sport Region. The top court had summoned the Sahara ⦠Sahara chief Subrata Roy appeared in the Supreme court in connection with the Sebi-Sahara case on Friday. The Supreme Court (SC) will continue hearing the matter between the Sahara group and market regulator Securities and Exchange Board of India (Sebi) on Tuesday. Updated: 31 Jan 2019, 11:31 PM IST Priyanka Mittal A three Bench constituting of former chief justice of India Thirath Singh Thakur, and Justices Ranjan Gogoi and A K Sikri was hearing the case. The market regulator, which said in January 2013 that it wanted to hire a verification agency, has reportedly failed to organise one. SEBI drags Sahara Group to the Supreme Court. SEBI drags Sahara Group to the Supreme Court. Sahara did comply with the order of the Honâble Supreme Court. Sahara Group yesterday told the Supreme Court that it would deposit Rs 200 crore with market regulator SEBI in pursuance of an earlier apex court direction and sought advancement of the hearing in the case. The Supreme Court on Friday exempted Sahara group Chief Subrata Roy and two other directors from personal appearance till âfurther ordersâ in a case related to their alleged failure in depositing Rs 25,700 crore in the Securities and Exchange Board of India-Sahara account for returning investorsâ money. Sahara has moved the Supreme Court and claimed that SEBI seeking a Rs 62,000 crore deposit from it is a clear case of contempt of court and to cause public outrage against Sahara. The Supreme Court on Monday will hear a case involving Sahara chief Subrato Roy and the Securities and Exchange Board of India (SEBI) over a dispute of returning money to its investors. SEBI Demands Rs 62,600 Crore From Sahara In Supreme Court Petition Admin November 19, 2020 The countryâs market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit Rs 62,600 crore ($8.4 billion) that it said was due to its investors. On July 30, SEBI had made a forceful plea to punish Sahara chief Subrata Roy along with his two firms and their directors for not complying with its order for refunding Rs 24,000 crore to the investors. Read stories listed under on Supreme court to hear Sahara SEBI case today. After all, the Supreme Court says the the final decision on the issue of unpaid investors lies with SEBI. So who will help ascertain the genuineness of bondholders in the Sahara case. September 10, 2012, which was the last day for sending documents and providing information to SEBI, was quite phenomenal, eventful and moreover a dramatic day. The court also allowed Sebi to disburse money to people having multiple deposits under the scheme, which was held to be illegal by the court in its August 2012 order. Sebi-Sahara case: Subrata Roy appears in Supreme Court. Aamby Valley property auction process was to start from Tuesday but SEBI said Sahara Group has been âobstructingâ it by allegedly suspending day-to-day business activities in the project. News. Jan 24, 2020, 01:39PM IST Source: Times Now. Sebi won the case on many fronts and the most compelling was the 72 witnesses that provided documentation showing the institute cured them of these diseases. News for sahara sebi supreme court ... are under embargo of Supreme Court and there is an extra burden of demand of double payment against single liability in Sahara-Sebi caseâ. ... New Delhi: The Supreme Court will today hear the Sahara-SEBI case. Also, the court empowered SEBI to take suitable actions to recover money from Sahara in case it defaulted. Sahara files contempt petition in Supreme Court against SEBI Sahara in its petition has accused that, to mislead the apex Court and to cause public outrage against Sahara, SEBI has filled a baseless and unfounded application. Sahara-SEBI case: Supreme Court tells Bombay HC to go ahead with Aamby Valley auction The top court also appointed the official receiver of the ⦠Turn on push notifications and don't miss anything! The Supreme Court on 31st August, 2012 in one of its most anticipated judgment of recent times has directed the Sahara Group and its two group companies Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) to refund around Rs 17,400 crore to their investors within 3 months from the date of the order with an interest of 15%. âThere is a clear order of Honâble Supreme Court which says that Sahara should deposit only the principal amount which is around Rs 24,700 crore [â¦] Supreme Court (File Photo) A new Supreme Court Bench on Thursday will hear the SEBI-Sahara refund case. No thanks, just show me the news. Mumbai: India's market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit Rs 62,600 crore ($8.4 billion) that it said was due to its investors.. - Supreme Court to hear SEBI-Sahara refund case today