![[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 has highlighted Sahara Group’s failure to comply with its order to deposit Rs 10,000 crore into the SEBI-Sahara refund account. The court has emphasized the need for transparency and has instructed the conglomerate to propose a scheme for selling unencumbered properties. Sebi has expressed concerns about the uncertainty regarding the timeline for the group’s payment of the outstanding amount.
The Himachal Pradesh High Court criticized a civil court judge for issuing a coercive order without prior notice, emphasizing the violation of legal principles and fundamental rights. The judge apologized, citing workload and infrastructure issues but was warned that expeditiousness must not overlook legal requirements. The High Court highlighted the importance of judicial discipline and adherence to legal procedures.