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The Supreme Court on Wednesday slapped contempt notices on two Sahara firms — Sahara India Real Estate Corporation and Sahara Housing Investment Corporation — for not complying with its order of refunding around Rs 19,000 crore to investors through SEBI.
“You must give a definite answer by Tuesday,” a Bench of justices K. S. Radhakrishnan and J. S. Khehar said while adjourning the case for July 30 on plea of the companies.
The Bench also told Sahara group that no further time would be given to the companies and they must not seek any adjournment in the case.
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