🚀 Business & Startups🇮🇳 India
SEBI Takes Sahara Case to Supreme Court After Lower Tribunal Gives Relief to Managers
mint - companies·Monday, 15 June 2026
Market regulator SEBI has moved the Supreme Court against relief granted to managers of a Sahara Group entity in a case involving optionally fully convertible debentures (OFCDs). The tribunal had noted that the entity mobilised around ₹14,106 crore from nearly 1.98 crore investors through these instruments. SEBI is challenging the relief given to those who managed the scheme.
Why It Matters
This case involves nearly 2 crore ordinary investors who put money into these debentures. The Supreme Court's decision could determine whether those responsible are held accountable.
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