Sahara moves SC for postponement of hearing against it

A bench headed by Justice K S Radhakrishnan said it will sit on April 22 and decide whether Sahara's plea can be considered or not

Press Trust of India New Delhi
Last Updated : Apr 16 2013 | 8:28 PM IST
Sahara group today appraoched the Supreme Court seeking postponement of the scheduled hearing on April 22 on SEBI's plea seeking its permission to detain Sahara Group's chairman Subrata Roy Sahara and to initiate contempt proceedings against him for not complying with its orders to refund Rs 24,000 crore to investors.

A bench headed by Justice K S Radhakrishnan said it will sit on April 22 and decide whether Sahara's plea can be considered or not.

On March 15, SEBI had moved the apex court seeking the arrest of Sahara group promoter Subrata Roy Sahara and barring him from leaving the country after two companies of the group had failed to comply with court's order to refund Rs 24,000 crore to its investors.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 16 2013 | 8:25 PM IST

Next Story