{"id":40774,"date":"2016-01-06T10:25:03","date_gmt":"2016-01-06T04:55:03","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=40774"},"modified":"2016-01-06T10:25:03","modified_gmt":"2016-01-06T04:55:03","slug":"sc-to-hear-sebi-on-appointing-sahara-case-receiver","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver","title":{"rendered":"SC to hear SEBI on appointing Sahara case Receiver"},"content":{"rendered":"<figure id=\"attachment_38035\" aria-describedby=\"caption-attachment-38035\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?ssl=1\" rel=\"attachment wp-att-38035\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"38035\" data-permalink=\"https:\/\/www.legalindia.com\/news\/sc-gives-sahara-18-months-to-pay-up-rs-36000-crore\/subrata\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&amp;ssl=1\" data-orig-size=\"380,285\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Press Trust of India&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Subrata\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=300%2C225&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&amp;ssl=1\" class=\"wp-image-38035 size-medium\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?resize=300%2C225&#038;ssl=1\" alt=\"SC to hear SEBI on appointing Sahara case Receiver \" width=\"300\" height=\"225\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?w=380&amp;ssl=1 380w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-38035\" class=\"wp-caption-text\">SC to hear SEBI on appointing Sahara case Receiver<\/figcaption><\/figure>\n<p>The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money by the beleaguered Sahara Group, whose chief Subrata Roy has been in jail since March 2014.<\/p>\n<p>&#8220;We will hear it at 3.30 pm on February 2,&#8221; a bench headed by Chief Justice T S Thakur said when senior advocate Arvind Datar, appearing for SEBI, sought hearing on the plea by which appointment of a Receiver was sought for taking control of assets of two firms of the group on the ground of non-payment of investors&#8217; money despite the court&#8217;s order.<\/p>\n<p>&#8220;There has been no development on repayment front during last three months. We need some interim order,&#8221; Datar said.<\/p>\n<p>The bench, also comprising Justices A K Sikri and R Banumathi, said that Roy is &#8220;inside&#8221; and hence &#8220;taking his time in negotiating&#8221;.<\/p>\n<p>Earlier, the court had sought a response from the group as to why a Receiver should not be appointed to dispose of their properties to arrange Rs 36,000 crore to pay its investors.<\/p>\n<p>The Sahara Group, however, had said that an European corporate had offered to lend 720 million euros (Rs 5,000 crore) to bail out the group&#8217;s jailed chief.<\/p>\n<p>SEBI is seeking appointment of Receiver on the ground that Roy&#8217;s two firms were not in a position to comply with apex court&#8217;s August 31, 2012 order to refund the money to investors.<\/p>\n<p>During the earlier hearing also, the bench had said it was evident that there was difficulty for the group in selling its properties to arrange Rs 36,000 crore for making the payment in the SEBI-Sahara account since Roy is in jail and the sale of properties can be done by appointing a Receiver.<\/p>\n<p>For the interim bail of 67-year-old Roy, the court had put conditions like depositing Rs 5,000 crore in cash and a bank guarantee of equal amount and tough terms including payment of the entire Rs 36,000 crore, which includes interest. The money will be paid back to investors of Sahara.<\/p>\n<p>Roy is in jail since March 4, 2014 along with two other directors of Sahara companies &#8211; Ravi Shankar Dubey and Ashok Roy Choudhary.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money by the beleaguered Sahara Group, whose chief Subrata Roy has been in jail since March 2014. &#8220;We will hear it at 3.30 pm on February 2,&#8221; a bench [&hellip;]<\/p>\n","protected":false},"author":38299,"featured_media":38035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[31987,117,80,35196,35197,47726],"class_list":["post-40774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-featured","tag-law","tag-legal-news","tag-sc-to-hear-sebi-on-appointing-sahara-case-receiver","tag-shara-case","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-06T04:55:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"380\" \/>\n\t<meta property=\"og:image:height\" content=\"285\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India News\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\"},\"author\":{\"name\":\"Legal India News\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/2b856940493e891fdeab60e1199c3d26\"},\"headline\":\"SC to hear SEBI on appointing Sahara case Receiver\",\"datePublished\":\"2016-01-06T04:55:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\"},\"wordCount\":387,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2015\\\/06\\\/Subrata.jpg?fit=380%2C285&ssl=1\",\"keywords\":[\"featured\",\"Law\",\"Legal News\",\"SC to hear SEBI on appointing Sahara case Receiver\",\"shara case\",\"Supreme Court\"],\"articleSection\":[\"Top Law News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\",\"name\":\"SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2015\\\/06\\\/Subrata.jpg?fit=380%2C285&ssl=1\",\"datePublished\":\"2016-01-06T04:55:03+00:00\",\"description\":\"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2015\\\/06\\\/Subrata.jpg?fit=380%2C285&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2015\\\/06\\\/Subrata.jpg?fit=380%2C285&ssl=1\",\"width\":380,\"height\":285},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top Law News\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/category\\\/top-law-news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SC to hear SEBI on appointing Sahara case Receiver\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/2b856940493e891fdeab60e1199c3d26\",\"name\":\"Legal India News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"caption\":\"Legal India News\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/author\\\/news\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates","description":"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver","og_locale":"en_US","og_type":"article","og_title":"SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates","og_description":"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver","og_site_name":"Legal News India - Supreme Court &amp; High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2016-01-06T04:55:03+00:00","og_image":[{"width":380,"height":285,"url":"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg","type":"image\/jpeg"}],"author":"Legal India News","twitter_misc":{"Written by":"Legal India News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver"},"author":{"name":"Legal India News","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/2b856940493e891fdeab60e1199c3d26"},"headline":"SC to hear SEBI on appointing Sahara case Receiver","datePublished":"2016-01-06T04:55:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver"},"wordCount":387,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1","keywords":["featured","Law","Legal News","SC to hear SEBI on appointing Sahara case Receiver","shara case","Supreme Court"],"articleSection":["Top Law News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver","url":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver","name":"SC to hear SEBI on appointing Sahara case Receiver - Legal News India - Supreme Court &amp; High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1","datePublished":"2016-01-06T04:55:03+00:00","description":"The Supreme Court on Wednesday agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#primaryimage","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1","width":380,"height":285},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/sc-to-hear-sebi-on-appointing-sahara-case-receiver#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top Law News","item":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},{"@type":"ListItem","position":3,"name":"SC to hear SEBI on appointing Sahara case Receiver"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/2b856940493e891fdeab60e1199c3d26","name":"Legal India News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","caption":"Legal India News"},"sameAs":["https:\/\/www.legalindia.com\/news\/"],"url":"https:\/\/www.legalindia.com\/news\/author\/news"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":45941,"url":"https:\/\/www.legalindia.com\/news\/sc-asks-sahara-chief-deposit-rs-600-cr-staying-jail","url_meta":{"origin":40774,"position":0},"title":"SC asks Sahara chief to deposit Rs 600 cr for staying out of jail","author":"Legal India News","date":"November 29, 2016","format":false,"excerpt":"The Supreme Court today asked Sahara Group chief Subrata Roy to deposit Rs 600 crore more by February 6 next year in the SEBI-Sahara refund account to remain out of jail and cautioned him that in case of failure, he would have to return to prison. A bench comprising Chief\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/Subrata.jpg?fit=380%2C285&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":28090,"url":"https:\/\/www.legalindia.com\/news\/sc-stays-proceedings-on-sahara-group-subrata-roys-petition-2","url_meta":{"origin":40774,"position":1},"title":"SC stays proceedings on Sahara group &#038; Subrata Roy&#8217;s petition","author":"Legal India Admin","date":"May 3, 2013","format":false,"excerpt":"Proceedings on plea filed by the\u00a0Sahara group\u00a0and its chief\u00a0Subrata Roy\u00a0has been stayed by the Supreme Court here in New Delhi. The\u00a0plea was filed\u00a0against refunding Rs 24,000 crore to investors and attachment of their properties after the\u00a0Sebi\u00a0accused them of approaching different forums for delaying the process. A bench comprising by justices\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28092,"url":"https:\/\/www.legalindia.com\/news\/sc-stays-proceedings-on-sahara-group-subrata-roys-petition","url_meta":{"origin":40774,"position":2},"title":"SC stays proceedings on Sahara group &#038; Subrata Roy&#8217;s petition","author":"Legal India Admin","date":"May 3, 2013","format":false,"excerpt":"Proceedings on plea filed by the\u00a0Sahara group\u00a0and its chief\u00a0Subrata Roy\u00a0has been stayed by the Supreme Court here in New Delhi. The\u00a0plea was filed\u00a0against refunding Rs 24,000 crore to investors and attachment of their properties after the\u00a0Sebi\u00a0accused them of approaching different forums for delaying the process. \u00a0 A bench comprising by\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50641,"url":"https:\/\/www.legalindia.com\/news\/bombay-hc-judges-facilitate-auction-aamby-valley-sc","url_meta":{"origin":40774,"position":3},"title":"Bombay HC judges to facilitate auction of Aamby Valley: SC","author":"Legal India Admin","date":"November 24, 2017","format":false,"excerpt":"The Supreme Court today granted liberty to two Bombay High Court judges to adopt procedures to facilitate the auctioning of Sahara's prized Aamby Valley properties and directed the Official Liquidator not to allow any obstruction in the process. A three-judge bench, comprising Chief Justice Dipak Misra and Justices Ranjan Gogoi\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"Bombay HC judges to facilitate auction of Aamby Valley: SC","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/bombay-HC-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":27568,"url":"https:\/\/www.legalindia.com\/news\/sc-agrees-to-give-early-hearing-to-sebi-plea-against-sahara","url_meta":{"origin":40774,"position":4},"title":"SC agrees to give early hearing to SEBI plea against Sahara","author":"Legal India Admin","date":"April 5, 2013","format":false,"excerpt":"Here in New Delhi to give an early hearing to SEBI's plea seeking its\u00a0permission to detain Sahara Group's chairman Subrata Roy Sahara the Supreme Court has got agreed\u00a0and also to initiate contempt proceedings against him for not complying with its orders to refund\u00a0Rs.\u00a024,000 crore to investors. A\u00a0bench headed by Justice\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42682,"url":"https:\/\/www.legalindia.com\/news\/sc-refuses-hear-plea-sebi-chief-reappointment","url_meta":{"origin":40774,"position":5},"title":"SC refuses to hear plea against SEBI chief reappointment","author":"Legal India News","date":"April 26, 2016","format":false,"excerpt":"The Supreme Court today refused to entertain a plea challenging the reappointment of U K Sinha as Chairman of market regulator Security and Exchange Board of India (SEBI) till 2017, saying there is no bar on it. \"We are not inclined to hear this,\" a three-judge bench headed by Chief\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/04\/sebi.jpg?fit=625%2C300&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/04\/sebi.jpg?fit=625%2C300&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/04\/sebi.jpg?fit=625%2C300&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-aBE","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/40774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/38299"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=40774"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/40774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/38035"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=40774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=40774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=40774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}