NEW DELHI (Reuters) - The Supreme Court of India has rejected an appeal by the Sahara conglomerate seeking a review of the court's order last year to repay billions of dollars it raised from small investors by selling outlawed bonds, according to an order posted on the court's website.
A spokesman for Sahara, one of India's biggest business groups and a household name through its sponsorship of the national cricket team, was not immediately available for a comment.
(Also read: Sahara - massive, splashy ... and mysterious, click here)
(Reporting by Devidutta Tripathy; Editing by Mark Potter)
Trending On Reuters
Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north. Full Article