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Archive: 16 July 2011

Posts in 16 July 2011

SC directs Sahara to approach SAT against SEBI order directing to return the money collected from investors for an OFCD scheme

July 16, 2011 624 Views 0 comment Print

NEW DELHI: The Supreme Court today directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against market regulator SEBI’s order directing the return of money collected from investors for an OFCD scheme within a period of three weeks.A three-member bench headed by Chief Justice S H Kapadia also directed the Securities Appellate Tribunal (SAT) to decide Sahara India Real Estate Corp’s appeal against SEBI within a period of eight weeks.

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