Sahara Group will submit new property title deeds worth Rs 20,000 crore to SEBI after being restricted by the Supreme Court from selling assets. The case involves refunding investors.
Sahara claims to have refunded real estate investors, citing Rs. 2,620 crore paid to SEBI and an additional Rs. 2,500 crore. Supreme Court granted more time, while SEBI's request for a specific bench was denied.
Sahara Group challenges SEBI's order to return investor funds with 15% interest. The case will be heard on July 4, 2011. Sahara criticizes SEBI for publicizing the order.