SC dismisses Sahara appeal for more time to refund investors
While dismissing the plea, a bench headed by chief justice Altamas Kabir pulled up the Sahara Group for failing to comply with its order: “If you have not refunded the amount as per our order, then you have no business to come here to court and ask for extension of time.” The bench further said that it had earlier granted time only once to ensure that investors get their money back.
As soon as the matter was taken up for hearing, Supreme Court Bar Association president M Krishnamani objected, stating the bench headed by the CJI should not hear the case as the order for refunding the amount to investors was passed by another bench.
“As a Bar leader and officer of the court, I have to say that keeping with the tradition of this court, this bench should not have heard this matter and the matter should go to the same bench for the modification of the order. Instead of going to hear, the proper recourse would be for the other bench to hear it. I am at pains to hear different types of rumours,” he said.
A furious justice Kabir asked the lawyer to refrain from making such statements without knowing anything about the