Supreme Court of India
S.E.B.I. v. Sahara India Real Estate Corporation Ltd. & Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In the result we dispose of these I.As with the following directions: (i) The prayer for modification of the terms stipulated in our order dated 26th March, 2014 granting interim bail to the contemnors is declined and the I .As to that extent dismissed.
Judgment, page 22
From the headnote
Scams - Investor-fraud case - Invitation/collection of deposits from general public in the form of 'Optional Fully Convertible Debentures'-OFCD by a Company- Complaint by investors' group - Direction by SEBI to the Company not c to offer equity shares/OF CDS or any other securities to public or invite subscriptions - In appeal, the High Court issuing further directions to the promoter and the directors of the Company to jointly and severely refund the amount collected alongwith interest @ 15% p.a. - Pursuant thereto orders passed by SEBI, tribunal and this Court as regards refund of amount as
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