)
Nov 2010: Sebi passes interim order against two Sahara group firms - Sahara India Real Estate Corp and Sahara Housing Investment Corp - for raising money through OFCDs without approval
June 2011: Sebi directs the two Sahara group firms to refund Rs 24,000 crore to investors
Oct 2011: SAT upholds Sebi's order against the two Sahara entities
Nov 2011: Sahara challenges SAT order in SC
Aug 2012: SC directs Sahara to refund Rs 24,000 crore to 30 million investors through Sebi
Nov 2012: Sahara misses deadline for handing over Rs 24,000 cr to Sebi; Sebi files criminal complaint
Dec 2012: SC gives Sahara more time; asks the group to pay Rs 5,120 cr immediately and the rest in two installments by
February 2013. Later, Sahara claims only Rs 2,620 crore is left to be refunded
Jan 2013: SC raps Sebi for not taking action against Sahara
Feb 2013: Sebi issues order to attach properties of Sahara group
May 2013: Sebi begins repayment process to Sahara investors who give proof
Aug 2013: SC says Sahara group's claims of having refunded a substantial sum is "extremely difficult to believe"
Sep 2013: Sahara says Sebi has distributed less than Rs 2 lakh to investors, despite the fact that it had deposited Rs 5,120 crore
Oct 2013: SC asks Sahara to provide bank guarantee for Rs 20,000 crore. Later, it bars Sahara chief Subrata Roy from leaving the country without its permission
Dec 2013: SC asks Sahara firms to explain the source of money they claimed to have refunded to investors
Feb 2014: SC issues non-bailable warrant against Roy after he fails to appear before it
