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SEBI moves SC against Sahara

Staff Reporter, New Delhi
11/10/2017   0 Comments

The Securities and Exchange Board of India (SEBI) has moved a contempt petition in the Supreme Court against Sahara group for barricading the auction of Aamby Valley project. 

Aamby Valley Limited, according to the SEBI petition wrote to the police department stating that they do not have sufficient fund to manage the Valley project’s security and asked the police to take over it. 

SEBI in its petition said that the Aamby Valley Limited has been declared lockout just before the auction.

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