Sahara Sought Govt Shield before Challenging SEBI Decision in Supreme Court
The Sahara Group had lobbied the Ministry of Corporate Affairs for protection from penal action even before it moved the Supreme Court against a Securities and Exchange Board of India (SEBI) order on refunding Rs 24,000 crore raised from investors through a ‘private placement’. The chairman of the Sahara Group, Subrata Roy, had written a [...]
