The Supreme Court on Wednesday allowed a plea by the Central government seeking Rs 5,000 crore allocation out of Rs 24,000 crore, which was deposited by Sahara group with the SEBI, to pay back to the depositors.
A bench, headed by Justice M.R. Shah and comprising Justice C.T. Ravikumar, passed the direction on the application filed by the government in a PIL by Pinak Mani Mohanty. It said the amount should be disbursed to depositors duped by the Sahara group of cooperative societies and the entire process will be monitored by a former judge of the top court, R. Subhash Reddy.
This story is from the March 30, 2023 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 30, 2023 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Kohli's return adds flair as India eye series win in Indore
Afghanistan will hope for an improved opening startfrom Gurbaz skipperlborahim Zadran
AFC Asian Cup 2023: Resilient India go down 0-2 to Australia in opener
The Indian football team faced a challenging start in the AFC Asian Cup campaign, succumbing to a 0-2 defeat against Australia in the opening match of Group B at Ahmad bin Ali Stadium, AI Rayyan on Saturday.
India names spin-heavy squad for first two Tests vs England
Theselectors recalled Kuldeep Axarin the spin-heavy squad along with Ashwin and Jadeja
Indian Army launching Op Sarvashakti' to counter Pakistan's attempts to revive terrorism in J&K
In a major step towards thwarting Pakistan's attempts to increase terrorist activities in Jammu and Kashmir, the Indian Army is launching Operation Sarvashakti, where the security forces will be targeting the terrorists operating on both sides of the Pir Panjal mountain ranges in the Union Territory.
Ayodhya sees massive security beef-up
Yogi governmenthas involved technological assistance alongside the deployment of personnel of security agencies to achieve the desired result
Over 30 Palestinians killed in Israeli airstrikes in Gaza
Health Ministry in Gaza said that 135 Palestinians were killed in last24 hours, bringing the overall toll to 23,843
PowerGrid provides equipment to DC Samba under CSR initiative
PowerGrid Corporation of India Limited (POWERGRID) handed four Vehicles mounted road Vacuum Sweeper Machines, one Ballistic separator & one JCB loader to District Development Commissioner, Samba under Under Corporate Social Responsibility (CSR) initiative on 13 January.
Kalyani railway station undergoes makeover
Under Amrit Bharat Stations Scheme Kalyani in a significant stride towards modernizing railway infrastructure and prioritizing passenger comfort, the Kalyani Railway Station is currently undergoing an extensive phase of development and enhancement.
Websites of top crypto exchanges like Binance, Kucoin blocked in India
The websites of some top global cryptocurrency exchanges like Binance, Kucoin, OKX, among others, were blocked in India on January 12.
Goyal rules out lifting export curbs on wheat, rice & sugar
There is no proposalas of now toremove exportrestrictions on wheat, rice and sugar. India willnotimport wheat orsugar either, says Commerce and Industry Minister
