SEBI fails to bring legal action on the Sahara real estate firm even after they fail to comply with the SC’s order.

SC versus Sahara

Supreme Court, the Apex Court of India condemns SEBI over its light and soft dealings with Sahara Group. The the market regulator SEBI (Securities and Exchange Board of India), is invested with the duty of protecting the investors’ interests in securities. SEBI, through appropriate regulations, promotes the development of the securities market.

Supreme Court of India said that SEBI has failed in completing the Court’s order against the Sahara Group. Later August 31 Order of SC demanded Sahara Group to furnish all documents which are related to investments of more than   24,000-crore. The Sahara Group has failed to implement this order. Continue reading →