One of the well renowned enterprises SAHARA Group is seemingly to be in trouble. As the tension prevailed resulting in huge consequences that were subjected to the attachment for the Assets and  many more properties. Sahra Inc which is considered one of the Greatest and healthier in terms of corporate deals has down fall at an instance. It soon started on August 31^st 2012 when SUPREME COURT ordered to repay 20,000crore to its investors along with interest within Three months to two of SAHARA’S FIRMS.

Following the order of SEBI, SAHRA moved to the Court by filing review petition. As against SAHRA SEBI  to approached for non compliance of main order, and in case of Non compliance SEBI was suggested that it can attach SAHARA’S assets.






The struggle between SAHARA & SEBI for its non compliance again started with series of petition by SAHRA that started from November 2, 2012, when SEBI filed petition against SAHARA for not furnishing Investor documents followed by SAHARA’S appeal to SAT that Investor documents were refused deliberately when SAHRA did forwarded them to SEBI, which was dismissed by SAT. SAHRA had to go for supreme court as a chance of last hope for its plea to be accepted .

Eventually the appeal was taken up by three judge bench on December 3, 2012. Later the time period for repayment of money was extended to three more months to SAHARA in terms of Installment by first week of February . The Supreme Court order  allowed to freeze the Bank Accounts, properties of its two companies.

Looking into this affair deep, the two companies SAHARA Housing Investment Corporation ltd SHICL & SAHARA INDIA Real Estate Corporation ltd raised 6380crore & 19,400crore respectively through bondholders              “Various Illegalities”. Repayment was to be made with 15% rate of interest . The properties attached by SEBI include Land owned by SAHARA group firm AMABY VALLEY.