Thursday, July 18, 2013

SC Gives warning For Sahara

Do not follow the Supreme Court support group see cracked. Top Court said that if the resort has lured 24 thousand crores of investors Group Chief subroto Roy returned not props and other directors also muscle. the Supreme Court including the past year investors ordered to return the money which was the Court in this case securities appellate tribunal [sat] is also installed at the latad. Group Two companies-Sahara India real estate Corp. and Sahara India housing Corp. has issued debentures without investors the amount of recovery.

Justice KS Radhakrishnan and j.s. market regulator SEBI to kehr bench in Wednesday's hearing of the case presented against the resort. in the meantime, resort to strict clean-bench in fair amount of investors that either it has until August 31, giving the head of the group, including other Director or ready for the muscle groups during his side's lawyers said the Court also heard on the bench warnsDo follow our decision, or we'll pass order. "the Court set the next hearing date is July 24.

Bench has set against the securities Board proceedings [worse] the great has raged that he clean in this case. any court or Tribunal in order not to pass, because the Supreme Court verdict on the past August. this order of the Court is to apply only to SEBI. market regulator has two companies of the resort and the opinion group Subrata directors ordered the seizure of property and bank accounts The SEBI Act was against the support group and its Chief Subrata Roy Sahara set of appeals.