SC reserves verdict on Sahara case

The Supreme Court on Thursday reserved its verdict on Sahara Groups plea challenging the Securities Appellate Tribunal SAT order directing two of its companies to refund around Rs 17,400 crore to their investors.

A bench of justices K S Radhakrishnan and J S Khehar reserved its judgement after extensively hearing the arguments on behalf of the company and market regulator Securities and Exchange Board of India Sebi.

The Tribunals decision was earlier stayed by the apex court which had on January 9 also admitted the appeal filed by the Sahara Group.