Supreme Court of India

Direct Sahara to pay Rs. 62,600 crore or take Subrata Roy into custody: SEBI to Supreme Court

SEBI has sought directions from the Court to Sahara to forthwith deposit a sum of Rs. 62,602.90 crores collected by Sahara

The Securities Exchange Board of India (SEBI) has moved the Supreme Court against Sahara India chief, Subrata Roy and two Sahara companies seeking immediate payment of Rs. 62,602 crore – money which the market regulator contended was owed by Sahara to investors as per the top court’s judgments of 2012 and 2015.

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