![[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.
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.