SEBI asks Supreme Court to overturn manager immunity in Rs 14,106 cr Sahara OFCD case
The regulator has filed a petition in the Supreme Court to scrap a Securities Appellate Tribunal order that shielded four Sahara India Commercial Corporation managers and its secretary from liability. The case concerns alleged illegal OFCD issuances that raised over ₹14,106 crore from nearly 2 crore investors. A June 18 hearing could redefine personal responsibility for corporate fraud.