Sahara India has sought the release of its chief Subrata Roy to raise the money to be returned to the investors. Sahara has also assured the Supreme Court that it will deposit a substantial amount out of 20,000 crore rupees of investors' money this month and the rest later. The apex court agrees to consider Sahara's proposal and asked it to brief the Securities and Exchange Board of India about it. The SEBI, however, opposed the Sahara's proposal, saying the group intends to pay 17,000 crore rupees but the total due amount is 37,000 crore rupees.
News On AIR | March 7, 2014 8:47 PM
SC ticks off Sahara for not coming out with proper proposal for refunding investors money