SC Orders Sahara to hand over property title deeds to Sebi Monday Oct 28,2013

Stating that the Sahara Group was playing "hide and seek" and could not be trusted, the Supreme Court on Monday Oct 28,2013 directed the company to hand over the title deeds of its properties worth Rs 20,000 crore to the Securities and Exchange Board of India (Sebi) within three weeks for refunding its around 3 crore investors

The Bench of Justices K S Radhakrishnan and J S Khehar also warned the company that failure to comply would mean that its head, Subrata Roy,  and other directors would not be allowed to leave the country without its permission.

"You have driven everybody around... There cannot be any escape now and the money has to be be repaid," said the court, directing Sahara to also hand over the valuation reports of its properties to Sebi.
"We cannot trust you anymore... too much hide and seek has already taken place," said the bench. "If Sahara group doesn't hand over the title deeds within three weeks, then Subrata Roy and other directors will not be allowed to leave the country,"

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