Sahara India Pariwar has called out SEBI’s order which asked Sahara India Commercial Corporation Ltd (SICCL) to pay Rs 14,000 crore with an interest rate of 15 per cent per annum, ‘against the spirit of natural justice’. In its official statement, Sahara India Pariwar said, “The Supreme Court in its order observed that OFCD issue […]
Quashed by SC in 2011 RBI’s NBFC Ban Order on Sahara Effective Now by Mutual Consent
As RBI has recently announced the cancellation of NBFC licence of Sahara India Financial Corp Ltd, the group says that the decision was mutually agreed upon and is in no way a blow for Sahara. The group has called it a “momentary constraint” which can be overcome as soon its bank accounts and properties are […]