The Supreme Court on Monday rapped Sahara group for not refunding Rs 27,000 crore to investors, who had put their money into its two companies.

A bench headed by Chief Justice Altamas Kabir asked Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd (SHICL) to tell on Tuesday whether they would be able to refund the entire amount to their investors within a week.

Justice Kabir said the firms' plea does not merit any hearing.

The bench, however, granted a day's time to the two firms to inform it if they would be able to refund the money or not.

Market regulator SEBI has also opposed Sahara's petition and submitted that it has already filed a contempt petition against them and said that a strong action should be taken against them.