https://www.taxtmi.com/caselaws?id=260726 The Court upheld SEBI's orders for Sahara Companies to refund collected deposits, leading to contempt proceedings due to non-compliance. Contemnors faced judicial custody and bail conditions, including a substantial deposit and sale of properties. Despite partial success in property sales, the Court emphasized full compliance with refund obligations. The approved bank guarantee format included trigger points for encashment and strict conditions. The Court's directives aimed to ensure order compliance while considering the contemnors' liberty, upholding the rule of law, and protecting public interest. en-us Fri, 19 Jun 2015 00:00:00 +0530 Sat, 20 Jun 2015 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260726 The Court upheld SEBI's orders for Sahara Companies to refund collected deposits, leading to contempt proceedings due to non-compliance. Contemnors faced judicial custody and bail conditions, including a substantial deposit and sale of properties. Despite partial success in property sales, the Court emphasized full compliance with refund obligations. The approved bank guarantee format included trigger points for encashment and strict conditions. The Court's directives aimed to ensure order compliance while considering the contemnors' liberty, upholding the rule of law, and protecting public interest. Case-Laws Companies Law Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260726