<h1>Joint venture proposals review: SEBI to examine Sahara land development plans with escrow protection to secure investor refunds.</h1> Third parties proposing development of Sahara Group land must deposit funds into an escrow held by the court and obtain court and SEBI approval; SEBI will investigate submitted proposals and file sealed responses, proceeds from any property sales or developments must be deposited into the SEBI Sahara refund account for return to investors, and joint ventures or development agreements require prior court permission with escrowed deposits refundable if approval is not granted.