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Supreme Court rejects Sahara's review plea
January 9, 2013 / 1:57 PM / 5 years ago

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.

Commuters walk past a billboard advertising the Sahara News Network, along a road in Noida on the outskirts of New Delhi September 20, 2012. REUTERS/Mansi Thapliyal/Files

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

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