SC to hear SEBI's plea against SAT relief to SICCL managers
India, July 13 -- The Supreme Court is scheduled to hear on July 13 a plea by the Securities and Exchange Board of India (SEBI) challenging a part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd (SICCL).
A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana will hear the plea of the market regulator.
Besides SEBI's plea, the top court has listed all the pending Sahara matters, including the return of monies to investors, for hearing.
On June 18, the top court agreed to hear the matter and issued notices to the four officials of the Sahara group, tagging the matter with the pending cases related to the company.
The top co...
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