Mumbai: In a historic order, the SEBI appellate tribunal ruled that Sahara Group would have to repay over Rs 24,000 crore it had collected in the form of optionally convertible debentures.
However, investors still feel there's very little hope of getting their money back.
One of the investors, Anil Upadhyay, has little hopes despite the SEBI tribunal asking the company to return the money within six weeks.
"There are thousands of companies which have taken the money from people and not returned. I feel the same will happen with Sahara," said Upadhyay....more
09:28 AM, Oct 20, 2011
New Delhi: A Delhi Court on Monday issued bailable warrant against Subrata Roy, Chairman of Sahara India Group, in a case of alleged cheating and forgery in a housing project launched by his company. Chief Metropolitan Magistrate Vinod Yadav directed the Delhi Police to execute the warrant against Roy and four other company officials by February 9. The warrant was issued on a complaint filed by Neeraj Pandey who alleged...
04:35 PM, Jan 24, 2011