Patna HC seeks SEBI reply regarding payments to Sahara's investors
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Loading... - Ajay Bhatt
- 09 Mar 2022
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It also directed that a “responsible officer†from the market regulator’s head office at Mumbai be present in the court on March 28 to answer all the questions posed by it.
The Patna High Court has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before March 25, on the matter pertaining to repayment to Sahara’s investors.
It also directed that a “responsible officer” from the market regulator’s head office at Mumbai be present in the court on March 28 to answer all the questions posed by it.
In a written response in pursuance of the summons issued by the high court, senior advocate Umesh Prasad Singh, appearing for Sahara, on Tuesday told high court that more than Rs 24,000 crore have been lying idle with the SEBI but the investors of Sahara Group companies have not been paid by the capital market regulator. Read More...
