Both the firms already paid Rs 5,120cr to Sebi and is yet to pay Rs 20,000cr more as to comply with the original notice
The Supreme Court (SC) has issued a fresh contempt notice against Sahara India Real Estate and Sahara Housing Invest for not complying with its order directing the deposit of over Rs 24,029 crore raised by issue of optionally fully convertible debentures.
The bench comprising judges K S Radhakrishnan and J S Khehar also asked the companies to give a definite date by which they can pay the money before adjourning the matter to July 30.
Both the firms already paid Rs 5,120 cr to Sebi and is yet to pay Rs 20,000 cr more as to comply with the original notice
The Supreme Court (SC) has issued a fresh contempt notice against Sahara India Real Estate and Sahara Housing Invest for not complying with its order directing the deposit of over Rs 24,029 crore raised by issue of optionally fully convertible debentures.
The bench comprising judges K S Radhakrishnan and J S Khehar also asked the companies to give a definite date by which they can pay the money before adjourning the matter to July 30.
Both the firms already paid Rs 5,120 cr to Sebi and is yet to pay Rs 20,000 cr more as to comply with the original notice
No comments:
Post a Comment