Supreme Court rejects Sahara's review plea
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)
- Tweet this
- Share this
- Digg this
- Wal-Mart and allies in face-off with Apple Pay over mobile payments
- Islamic State kills 220 Iraqis from tribe that opposed them
- India's universal healthcare rollout to cost $26 billion
- PM Modi boots officials out of the first class cabin
- Bharti Airtel Q2 net profit doubles as India market turns corner
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article