On Thursday(5th September),The Supreme Court directed Sahara Group to deposit Rs 1,000 crore into an escrow account within 15 days and permitted a joint venture to develop its Versova land, aiming to realize Rs 10,000 crore. This amount is required to be deposited into the SEBI-Sahara refund account to return investors’ money as per a 2012 court order.
Ramesh Sippy’s plea for court receiver in property dispute and film rights post-parents’ demise was rejected by the Bombay High Court. The court found insufficient evidence to support Sippy’s claim and noted inconsistencies in his position. Sippy sought a share in the estate of his deceased parents, including a prized flat in South Mumbai and the rights to 27 films.
