The Supreme Court today kept in abeyance the action taken by the Reserve Bank of India (RBI) against Sahara India Financial Corporation Ltd, including a ban on fresh deposits, and asked the bank to give the company a fresh hearing.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>At the same time, the bench comprising Justice Arijit Pasayat and Justice P P Naolekar said that the interim order of Lucknow Bench of Allahabad High Court staying the RBI action against SIFCL will not be in operation.&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp; <BR>SIFCL will now appear before RBI on June 12 for a personal hearing. </P></p><p class='TableClas'></p></table>


SC directs RBI to give SIFCL a fresh hearing

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