New Delhi: Market regulator SEBI on Thursday moved Supreme Court seeking the apex court's direction against Sahara Group for non-payement of dues of Rs 47,000 crore.
The market regulator in its petition said that it has received complaints from buyers that Sahara is not interested in selling its properties and repaying the investors.
SEBI has also sought that Sahara Group must file a report to SC about the schedule of its balance of payment of about Rs 47,000 crore.
The SC in August had allowed Sahara chief Subrata Roy and two of his group directors to use the fully air-conditioned conference room inside the Tihar Jail complex to negotiate the sale of properties. Sahara had sought to sell its properties to raise the Rs 10,000-crore bail money for Sahara chief Subrata Roy.
