To read this content please select one of the options below:

Sahara, SEBI and SC Saga

Anurag K. Agarwal (Indian Institute of Management, Ahmedabad.)

Publication date: 31 March 2014


The case deals with the Supreme Court's decision of August 31, 2012, ordering Sahara to refund Rs. 24,000 crores and interest to SEBI, so as to refund to the real investors. Despite unambiguous orders, Sahara did not comply fully and kept on prolonging the matter using number of pretexts, ultimately resulting in Roy's arrest. The case has been primarily written for easy understanding of facts, principles of corporate governance, and further developments, as mentioned in judgment, which runs into hundreds of pages. It depicts the legal journey of the fight between a company and the financial regulator in the country.



Agarwal, A.K. (2014), "Sahara, SEBI and SC Saga", .



Indian Institute of Management Ahmedabad

Copyright © 2014 by the Indian Institute of Management, Ahmedabad

Related articles