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Home / Questions / Q 481839
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H.P.Dubey

H.P.Dubey

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Why Supreme Court of India bars Sahara chief Subrata Roy from leaving the country

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2 Answers

  1. eAnswers Team

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    Added an answer on November 26, 2018 at 5:35 am

    The Supreme Court Of India on 21st November, 2013 has barred the CEO of Sahara Group Subrata Roy from leaving the country and also restrained him sell any of its properties. This step has been then taken by the supreme court for not following the previous order of giving title deeds of its properties to SEBI worth Rs 20,000 crore in just three weeks. The Securities and Exchange Board of India (SEBI) also claimed that the properties that was given by the Sahara Group were overvalued.

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  2. Added an answer on November 26, 2018 at 6:49 am

    The Supreme court of India has done that because the Sahara Group hasn’t followed the previous orders of the Supreme court in the given time.

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