The Supreme Court has dismissed Sahara group's plea seeking review of its August 31 verdict to refund over 17,400 crore Rs. collected from 2.21 crore depositors.
In its order ,passed yesterday ,the apex Court said that after examining after all the records ,it was dismissing, applications seeking permission for open court listing, intervention and directions or stay.
The two Sahara group firms – Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd – are to refund the amount with 15 per cent interest to its investors. In an order on 5th of December,a bench headed by Chief Justice Altamas Kabir, had directed the two Sahara group firms to make immediate payment of Rs. 5,120 crore and the balance in two instalments.
The bench had also directed the group to supply the documents relating to investors within 15 days and warned that failure to fulfil its directive on payment of the money to SEBI will lead to attachment of assets.