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Apr 14, 2015
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Sahara supports Sebi's claim to bring back $13 million to refund account
Engaged in a long-drawn legal battle with Sebi, Sahara has supported the regulator's claim before a US court to bring back nearly $13 million from sale proceeds of a business jet of the crisis-hit group.The group also lauded "Sebi's active cooperation" in the matter, which relates to a court-ordered sale of a corporate jet owned by a Sahara group firm after a litigation there and a receiver was appointed to look into distribution of the fund kept in an escrow account.
Source -
http://economictimes.indiatimes.com
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