SEBI moves SC seeking Rs 62,000 crore deposit

New Delhi: The Sahara group has alleged that markets regulator is "acting biased" and is raising a "wrong demand" asking Sahara group to pay Rs 62,600 crore or $8.48 billion. "It is absolutely wrong demand by SEBI. Hon'ble Supreme court has in the past directed us to deposit the principal...

Sebi orders attachment of bank, demat, MF accounts of Rainbow Industries, directors

New Delhi: The Securities and Exchange Board of India (Sebi) in November 2018 had directed the company and its directors to refund investors' money along with interest. Rainbow Industries had raised Rs 11.36 crore through redeemable preference shares (RPS) from investors without complying with public issue norms. Rainbow issued RPS...