SC directs Sahara to deposit amount refundable to investors with SEBI

SUPREME COURT OF INDIA Sahara India Real Estate Exchange Corpn. Ltd. Versus Securities & Exchange Board of India CIVIL APPEAL NO. 8643 OF 2012† WRIT PETITION (CIVIL ) NO. 527 OF 2012 DECEMBER 5, 2012 ORDER 1. This appeal is directed against the judgment and order dated 29th November, 2012, passed by the Securities Appellate Tribunal, in Appeal No. 221 of 2012, holding that the same was premature and was not, therefore, maintainable. 2. In earlier appeals, being C.A. No. 9813 of 2011 and C.A. No. 9833 of 2011, this Court was concerned with the powers of the Securities and...