9:48 am - Friday November 6, 2015

Subrata remain in prison, sc rejected the company’s offer

186 Viewed Alka Anand Singh Comments Off on Subrata remain in prison, sc rejected the company’s offer

New Delhi -Sahara Group chief Subrata Roy will spend a few days in jail . The Supreme Court has turned down a new resort . He pleaded Sahara within three months a year, is set to return investors’ money in installments, but the court said that the offer was inadequate belated step.

Friday morning Sahara counsel appeared before the court three times . Describing himself helpless pleaded for mercy every time . In that situation, no one is willing to lend them . So to sell your property, the court lifted the ban on them . Sahara Sahara new proposal within three days to two thousand five hundred crore rupees deposited with SEBI . Similar amount will be paid every three months . 19 thousand crore rupees in the three months to one year will be credited . All the money will be paid in cash .

SEBI said that 15 per cent interest in the amount of 37 thousand million is still outstanding . Saying the Supreme Court rejected the new offer of support that the first installment of the resort is very low . The Court stated that this proposal has not been honest .

The Supreme Court on Wednesday Sahara chief Subrata Roy was sent to jail . Investors return to the resort is approximately 20 thousand crores . This money is to divide the investors by SEBI . Sahara was illegally launched two housing scheme in which he raised money from the market . The court had ordered a half years ago that investors’ money is returned along with the interest . But the resort is deferred to return the money .

Click here to submit your review.

Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
0/5 - 0
You need login to vote.
Filed in

Malaysia Airlines missing, 239 passengers on board


In seven months, the 11th Incident: Explosion in Kolkata ins, officer death

Related posts