Press Esc to close
Thursday 30 June 2016
News updated at 12:05 PM IST
Weather
Max: 26.3°C
Min : 20.3°C
In Bengaluru
Generally cloudy

SAT to hear Sahara firms plea today

Mumbai, Dec 19, 2012, PTI:

The Securities and Appellate Tribunal (SAT) will hear on Thursday an appeal by two Sahara group firms, which had sought extension for submission of documents related to their bondholders to market regulator Sebi.

These appeals were filed about a month ago by Sahara Housing Investment Corporation Ltd (SHICL) and Sahara India Real Estate Corporation Ltd (SIRECL).
As per the information available with SAT, the appeals by the two companies are listed for tomorrow for "admission".

Incidentally, a deadline set by the Supreme Court in its order dated December 5 for submission of investor documents by the Sahara group to Sebi, also expires on Thursday.

The two companies had also filed another appeal on November 19 for allowing deposit of money with the registrar of SAT. However, this appeal was dismissed by the tribunal on November 29.

Thereafter, the two companies had approached the Supreme Court against the SAT order. After hearing their appeal, the Supreme Court on December 5 directed the two companies to refund the outstanding payments to the investors with 15 per cent interest in phases in nine weeks.


Go to Top

Photo Gallery
Villagers looking at a one horned rhinoceros that strayed in...

Villagers looking at a one horned rhinoceros that strayed in...

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Illuminated Mysuru Palace during the marriage....

Illuminated Mysuru Palace during the marriage....

Vice President Hamid Ansari, Congress...

Vice President Hamid Ansari, Congress...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Horse-mounted Policemen seen at a road in Kolkata...

Horse-mounted Policemen seen at a road in Kolkata...

An egret takes off in New Delhi on Tuesday...

An egret takes off in New Delhi on Tuesday...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523