Sahara group moves SC against SAT order

November 30, 2012 11:44

More updates on the Facebook arrests/IT Act stories in a bit.

The Sahara Group today moved the Supreme Court against the order of the Securities Appellate Tribunal (SAT) dismissing its appeal against market regulator SEBI in a case involving refund of about Rs 24,000 crore with interest to about three crore investors. A bench headed by Chief Justice Altamas Kabir listed the matter for hearing on Monday. The counsel for Sahara told the bench that the company was ready with a draft of Rs 5,100 crore for deposit in the apex court's registry.

Also read: How did Rs 24,000 cr Sahara dues become Rs 5,120 cr?

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