The Enforcement Directorate (ED) has cancelled its summons to Senior Advocate Arvind Datar regarding legal advice on ESOPs granted to Rashmi Saluja. The withdrawal comes amid ongoing scrutiny over alleged violations in the Rs 250 crore stock option case.
The Supreme Court dismissed SEBI’s appeal against the SAT ruling that cleared Mukesh Ambani of penalties for the 2007 Reliance Petroleum stock manipulation case, citing no question of law. However, the Court will hear SEBI’s appeal regarding SAT’s relief to RIL on December 2, 2023. Senior advocates represented both parties.
![[Sahara Fraud] SC Asks Sahara Group to Give list of Top Officials, Properties For Rs 10k Crore Refund To Investors](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/09/image-2024-09-04T102424.755.png?resize=400%2C237&ssl=1)
The Supreme Court instructed Sahara Group to disclose its leadership, shareholders, and unencumbered properties for a Rs 10,000 crore refund. The court emphasized the need for a practical solution to refund investors after over a decade. Noting Sahara’s failure to deposit the full amount, the court allowed property sales to meet the refund obligation.