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19 Jun 2015 SEBI found that offering of such OFCD was not legally permissible and passed orders directing Saharas not to offer their equity shares/. OFCDs or any . case." 9) Insofar as permission to sell certain properties of Sahara group is concerned, it was subject to certain conditions as indicated above and one of
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23 Nov 2017 Sebi-Sahara case: Supreme Court asks Bombay High Court receiver to auction Aamby Valley. Business PTI Nov 23, It also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court. Reuters image.
2 Jan 2016 Securities Exchange Board of India v. Sahara India Real Estate Ltd. is regarded as one of the landmark cases with reference to the power and jurisdiction of SEBI in the case of corporate fundraising. SEBI claimed that in the form of Optionally Fully Convertible Debentures, Sahara India Real Estate
Sahara India Real Estate Corpn. Ltd. v. SEBI, (2012) 10 SCC 603. Press and Media Laws. Postponement Orders. Coverage of court proceedings - Matters sub judice - Postponement of reporting of, accused in a criminal trial - (11) Scope of these Guidelines - Guidelines for reporting, held, cannot be framed across the.
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31 Oct 2012 Supreme Court also observed that since introducers were needed for someone to subscribe to the OFCDs, it is clear that the issue was not meant for persons related or associated with the Sahara Group because in that case an introducer would not be required as such a person is already associated or
11 Sep 2012 Even SEBI stated that if Sahara withdraws its IAs, SEBI would insist on its IA being decided. In short, both Sahara and SEBI sought adjudication. Further, on 28.03.2012, learned counsel for Sahara filed a note in the Court citing instances (mostly criminal cases) in which according to him certain aberration
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