Home Business Newsvoir
Pardaphash Logo
Hindi


Sahara’s petition to be heard in SC on Monday




Published by:
Published on: Fri, 30 Nov 2012 at 07:12 IST
Sahara’s petition to be heard in SC on Monday
New Delhi: Sahara’s interpolation at the rejected pay order of Rs 5,120 crore will be appealed in the Supreme Court on Monday. An apex court bench headed by Chief Justice Altamas Kabir directed the listing of the matter on Monday, after senior counsel Gopal Subrahmaniam mentioned Sahara's plea before it on Friday.

Supreme Court has said that it would hear the petition by two real estate companies of the Sahara Group challenging the Securities Appellate Tribunal (SAT) rejecting their plea to direct its registrar accept a pay order of Rs.5,120 crore that it had to deposit to SEBI towards the payment of investors' deposits.

The Sahara India Real Estate Corporation and Sahara Housing Investment Corporation Ltd had moved the SAT seeking direction to its registrar to accept their pay order of Rs.5,120 crore towards payment of investors' money which these two companies had mopped up through Optionary Fully Convertible Debentures.

SAT had rejected Sahara's plea on Thursday. The Sahara real estate companies were directed by the Supreme Court in August to refund the investors' money. As Gopal Subramaniam mentioned the matter, counsel Prashant Bhushan told the court that the amount to be refunded by the Sahara real estate companies was Rs 24,000 crore.
Previous
Poonam Pandey's 'Malini & Co' Hot Pictures
Poonam Pandey's 'Malini & Co' Hot Pictures
Top Nude Kim Kardashian Pictures
Top Nude Kim Kardashian Pictures
Chiranjivi's 60th birthday was a starry affair in Hyderabad
Chiranjivi's 60th birthday was a starry affair in Hyderabad
Kate Upton, Miranda Kerr, Amber Valleta clicked topless for V Magazine
Kate Upton, Miranda Kerr, Amber Valleta clicked topless for V Magazine
Madhur Bhandarkar's hottest 'Calendar Girls' theatrical trailer launch bash
Madhur Bhandarkar's hottest 'Calendar Girls' theatrical trailer launch bash
All Is Well team including Abhishek Bachchan, Asin and director Umesh Shukla hold Press Conference in Ahmedabad
All Is Well team including Abhishek Bachchan, Asin and director Umesh Shukla hold Press Conference in Ahmedabad
Kim Kardashian shares nude picture; flaunts baby bump
Kim Kardashian shares nude picture; flaunts baby bump
Trailer launch of T Series' film Bhaag Johnny in Mumbai
Trailer launch of T Series' film Bhaag Johnny in Mumbai
Trailer launch of Zeishan Quadri's directorial debut film Meeruthiya Gangsters
Trailer launch of Zeishan Quadri's directorial debut film Meeruthiya Gangsters
Priyanka Chopra enjoyed with fans on 'Quantico' sets in New York
Priyanka Chopra enjoyed with fans on 'Quantico' sets in New York
PM, Prez pay last tributes to Bharat Ratna APJ Abdul Kalam
PM, Prez pay last tributes to Bharat Ratna APJ Abdul Kalam
Mission: Impossible Rogue Nation Snaps | See rare gallery
Mission: Impossible Rogue Nation Snaps | See rare gallery
See Selena Gomez seductive photos collection days ahead of her 23rd birthday
See Selena Gomez seductive photos collection days ahead of her 23rd birthday
Shahrukh Khan starrer Raees first look
Shahrukh Khan starrer Raees first look
Kim Kardashian sports gold bra; poses in NUDE bodysuit
Kim Kardashian sports gold bra; poses in NUDE bodysuit
Next

Related Stories:-

BREAKING NEWS
 
Opinion Polls
Will MIM, Asaduddin Owaisi’s entry in UP affect Samajwadi Party’s Muslim vote bank?
Yes
No
Can't Say


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.012 Seconds




EXCLUSIVE: HC slams UP Jal Nigam over solid waste management projects; notice to Chief Secretary