Sahara Group case: Supreme Court cracks whip against Subrata Roy

Jan 28 2014, 18:51 IST
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'We can allow plea to go abroad only after Sahara gives all information sought by SEBI' 'We can allow plea to go abroad only after Sahara gives all information sought by SEBI'
SummarySahara Group's Subrata Roy must furnish proof of refunding Rs 20,000 cr: Supreme Court

Rs 5,120 crore on December 5, has failed to pay the rest of the amount.

The two companies, their promoter Roy and directors Vandana Bhargava, Ravi Shankar Dubey and Ashok Roy Choudhary were told to refund the collected money to the regulator.

Three contempt petitions filed by SEBI against Roy, the two firms--Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC)--and their directors are pending before the court.

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