Contempt of Court: Sahara directed to disclose source used for repayment of amount to investors: Supreme Court: The 2-judge bench of Honble K.S. Radhakrishnan and Jagdish Singh Khehar, JJ directed the alleged contemnors to disclose the complete details and source from which they repaid the amount to the investors and also the manner of making payments. The Court also directed them to not only disclose the information which SEBI has sought from them from time to time but file the same in the Supreme Court by January 23, 2014. [SEBI v. Sahara India Real Estate Corpn. Ltd, Contempt Petition (Civil) No. 412 of 2012, decided on January 9, 2014]
Posted on: Sat, 18 Jan 2014 05:47:12 +0000
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