SAT Asks Sahara, Subrata Roy To Deposit Rs2,000 Crore In 4 Weeks with SEBI

The Securities Appellate Tribunal (SAT) asks Sahara group company Sahara India Commercial Corporation Ltd and its then directors, including Subrata Roy, to deposit within four weeks Rs2,000 crore with market regulator Securities and Exchange Board of India (SEBI). The market regulator will keep this amount in an escrow account which will be subjected to the results of the appeal, the Tribunal says.

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