The Government has supported the Securities and Exchange Board of India (SEBI) in the case against two Sahara group firms that raised money from the public by issuing optionally fully convertible debentures (OFCD).
The police has been asked to verify complaints from Mumbai-based investors against the PACL realty; firm denies any wrongdoing.
Rakesh Jain booked a flat in one of the projects in Noida Extension. He paid to the developer all the savings from his hard-earned money and had everything in place-due diligence done through his lawyer.
Nearly one lakh homebuyers are on the edge, as the Allahabad High Court (HC) is to begin hearing of all land acquisition cases of Noida Extension on Wednesday, August 17.
Securities Appellate Tribunal (SAT) will take up petitions by two Sahara group companies, Sahara India Real Estate and Sahara Housing Investment Corp, challenging a SEBI order against them, on Tuesday, August 16.
Initially the Chief Minister of Goa owing to the pressure brought on by the GBA decide to stand firm against the project and even got the Additional Collector – North Goa to issue of ‘Stop-Work’ order.
The Chief Town Planner has filed a detailed report on the status of the project pursuant to directions of the High Court.
In 2008, the People’s Movement for Civic Action (PMCA) and the Goa Foundation approached the High Court for a CBI inquiry into the disappearance of all files containing approvals relating to the construction of the Aldeia de Goa complex.
Sahara Group has reportedly filed an appeal before the Securities Appellate Tribunal against the market regulator SEBI order directing the refund of money to investors in its optionally fully convertible debentures.
As more farmers move the court against acquisition of their land in Noida, industry body ASSOCHAM has urged the Centre to take initiative and evolve a consensus among all stakeholders as the crisis gets politicised.