Mon, May 29, 2017 | updated 06:50 PM IST

New SC Bench to hear SEBI-Sahara refund case

Updated: Jan 12, 2017 06:37 IST      
New SC Bench to hear SEBI-Sahara refund case

New Delhi [India], Jan. 12 (ANI): A new Supreme Court Bench on Thursday will hear the SEBI-Sahara refund case.

A three Bench constituting of former chief justice of India Thirath Singh Thakur, and Justices Ranjan Gogoi and A K Sikri was hearing the case.

Senior advocate Kapil Sibal, appearing for the Sahara Group and its chief Subrata Roy, had raised the issue since CJI Thakur had demitted office on January 3.

Sahara has, so far, returned a total of Rs 18,000 crores to its investors till now.

The bench, initially, had asked Roy to deposit Rs 1,000 crore with market regulator SEBI in two months or it will appoint a receiver, but later reduced the money to be deposited to Rs 600 crore till February 6, 2017.

Market regulator Sebi had earlier said that Sahara Group was liable to pay Rs 37,000 crore with interest, of which the principal amount payable was Rs 24,000 crore.

Sahara has already paid Rs 10,918 crore out of Rs 24,029 crore raised from investors, Sebi had said.

The Sahara chief was sent to jail on May 4, 2014, for his failure to comply with 2012 order directing him to return investor's Rs. 17,600 crores with 15 percent interest that his two companies Sahara India Real Estate Corp Ltd and Sahara Housing Finance Corp Ltd had raised through optionally fully convertible debentures (OFCD) in 2007 and 2008.

Roy has been directly charged in the case pertaining to non-refund of nearly Rs 20,000 crores to investor. (ANI)

Rajnath assures to find permanent solution to Kashmir

Updated: May 29, 2017 18:44 IST     

Meerut (Uttar Pradesh) [India], May 29 (ANI): Union Home Minister Rajnath Singh on Monday assured to find a permanent solution to the Kashmir problem, adding that India won't fall prey to Pakistan's tactics to destabilise the country.

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New Delhi [India], May 29 (ANI): Three police personnel were on Monday suspended for dereliction of duty in connection with the IAS officer Anurag Tiwari's death case.

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Centre dubs Kannur incident as 'politically motivated'

Updated: May 29, 2017 18:34 IST     

New Delhi [India], May 29 (ANI): Union Minister Ravi Shankar Prasad on Monday blatantly castigated the Congress Party in wake of one of its youth wing leader slaughtering a calf in public view and dubbed the incident as politically motivated and provocative.

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New Delhi[India],May 29, (ANI): After the Central Bureau of Investigation (CBI) granted bail to all the accused including Virbhadra Singh in the disproportionate assets case, the Himachal Pradesh Chief Minister welcomed the decision saying that 'truth would win'.

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K'taka CM assures to solve Varthur lake issue soon

Updated: May 29, 2017 18:19 IST     

New Delhi [India], May 29 (ANI): After the heavy showers that lashed Bengaluru city in the past week resulting in Varthur Lake foaming again, Karnataka Chief Minister Siddaramaiah on Monday asserted to solve the issue soon.

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Mamata remains adamant over Centre's red beacon rule

Updated: May 29, 2017 18:17 IST     

Kolkata (West Bengal) [India], May 29 (ANI): After the Bharatiya Janata Party (BJP) strongly objected to the use of red beacon by West Bengal Public Works Department (PWD) Minister Arup Biswas despite the Centre's ban on it, West Bengal Chief Minister Mamata Banerjee on Monday lashed out at the government for the first time asserting that neither they are accepting the law nor are bound to abide by the rule.

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New Delhi[India],May 29, (ANI): The Communist Party of India (Marxist) on Monday dubbed the Centre's new notification prohibiting sale of cattle for slaughter purpose a 'promotion of Hindutva ideology' , while saying that it was an assault on the fundamental rights of people of the country.

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MP: Two nabbed with fake currency worth Rs. 1, 08,000

Updated: May 29, 2017 17:53 IST     

Gwalior (Madhya Pradesh) [India], May 29 (ANI): Two persons in possession of fake currency notes worth Rs. 1, 08, 000 were arrested here on Monday.

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New Delhi [India], May 29 (ANI): Union Law Minister Ravi Shankar Prasad on Monday hit back at former finance minster P. Chidambaram for saying that the Centre has been targeting his son Karti over money laundering case, stating that the government does not believe in revenge politics and has been working honestly.

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New Delhi [India], May 29 (ANI): Union Minister M. Venkaiah Naidu on Monday met the kin of the deceased e-rickshaw driver and assured that the government will be taking all steps to assure the security of his family.

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Centre assures strict action against ragging

Updated: May 29, 2017 17:36 IST     

New Delhi [India], May 29 (ANI): Union Human Resource Development Minister Prakash Javadekar on Monday while launching an anti-ragging mobile app introduced by the University Grants Commission (UGC) categorically stated that ragging will not be tolerated and students involved in it will not be allowed to continue their education in the respective institutions.

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BJP MLA Saini brags about threatening Muzaffarnagar cops

Updated: May 29, 2017 17:09 IST     

Muzaffarnagar (Uttar Pradesh), May 29, (ANI): A video of Bharatiya Janata Party (BJP) MLA from Muzaffarnagar Vikram Saini has surfaced of showing him bragging about threatening police personnel and officials.

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Court to hear defamation suit against Kapil Mishra, Sirsa

Updated: May 29, 2017 17:03 IST     

New Delhi [India], May 29 (ANI): A Delhi court will hear Delhi Health Minister Satyendra Jain's defamation case filed against Kapil Mishra and BJP-SAD MLA Majinder Singh Sirsa for leveling corruption charges against him.

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Bihar: 29 killed in lightning, storm

Updated: May 29, 2017 16:48 IST     

Patna (Bihar) [India], May 29 (ANI): As many as 29 persons were killed in separate lightning, storm and rain-related incidents in Bihar.

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Arunachal Police intensify search operations for Sukhoi-30 crew

Updated: May 29, 2017 16:33 IST      By: By Pradeep Kumar

Itanagar (Arunachal Pradesh) [India], May 29 (ANI): Arunachal Pradesh Home Parliamentary Secretary Pani Taram today said that search operations have been intensified on the ground to locate missing crew members of the Sukhoi-30 fighter jet.

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Kolkata's Ananya Maiti tops ISC exam

Updated: May 29, 2017 16:33 IST     

New Delhi [India], May 29 (ANI): With the Council for the Indian School Certificate Examinations declaring its Class 12 results on Tuesday, Ananya Maiti from Kolkata secured first position by scoring 99.5 percent.

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Mamata Govt. runs on policies of Imams like Barkati: BJP

Updated: May 29, 2017 16:13 IST     

Kolkata/ New Delhi [India] May 29 (ANI): The Bharatiya Janata Party (BJP) on Monday strongly objected to the use of red beacon by West Bengal Public Works Department (PWD) Minister Arup Biswas despite the Centre's ban on it.

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DA case: Bail granted to Himachal CM Virbhadra Singh

Updated: May 29, 2017 16:05 IST     

New Delhi [India], May 29 (ANI): A Central Bureau of Investigation (CBI) court on Monday granted bail to all accused including Himachal Pradesh Chief Minister Virbhadra Singh and his wife in the disproportionate assets matter.

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Mumbai (Maharashtra) [India], May 29 (ANI): A special Terrorist and Disruptive Activities (Prevention) Act (TADA) court will pronounce its judgment on June 16 against underworld don Abu Salem and others in connection with the 1993 blasts case.

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UP Police assures swift action in Rampur molestation

Updated: May 29, 2017 15:56 IST     

Lucknow(Uttar Pradesh), May 29, (ANI): Reacting sharply to the Rampur molestation case, Uttar Pradesh ADG Law and Order Aditya Mishra on Monday dubbed the incident as 'sad', while saying that the police would ensure that such misconduct is not repeated in future.

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