Sebi-Sahara case: Final SAT hearing today

The Securities Appellate Tribunal will hold its final hearing on Tuesday on Sahara group chief Subrata Roys plea against Sebis attachment order of his bank accounts and other assets,along with those of two group firms and their top executives.

Roy has approached the SAT against the attachment orders issued by Sebi last month. The Tribunal,in its last hearing in Mumbai on Saturday,had decided to continue to hear the matter here in the National Capital on March 26.

The matter relates to a Supreme Court direction ordering refund of more than Rs 24,000 crore of investors money raised by two Sahara group firms Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd through issue of bonds,wherein Sebi has been asked to facilitate the refund.