Delhi High Court stays investigation into nine companies of Sahara Group

The Court was informed that the orders for investigation were passed in violation of the provisions of the Companies Act and the powers to investigate lies with SEBI not SFIO.
Delhi High court and Subrata Roy Sahara
Delhi High court and Subrata Roy Sahara

The Delhi High Court on Monday stayed the operation, execution and implementation of two orders passed by the Center for investigation into nine companies related to Sahara Group [Sahara Housing Investment Corporation Limited and Ors v Union of India and Ors].

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