New Delhi: The Supreme Court on Wednesday asked the Sahara Group to provide information about its top officials and current shareholders, as well as a list of assets that can be sold to raise Rs 10,000 crore. This amount is to be deposited in the SEBI-Sahara refund account to return the money of investors.

The Supreme Court had given instructions

On August 31, 2012, the apex court had directed Sahara Group companies - Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) - to refund the money collected from investors to SEBI within three months along with interest at the rate of 15 per cent per annum.

The court will find a solution to return the money

A bench of Justices Sanjiv Khanna, MM Sundresh and Bela M Trivedi on Wednesday said the court will have to find a practical solution to refund investors' money as the matter has been pending for more than a decade.

What did the Sahara Group say?

The Sahara Group has said that it will present a plan to deposit about 10 thousand crore rupees. This matter cannot go on again and again. More than 10 years have passed since the court ordered to deposit 25 thousand crore rupees. We have to find a practical solution, because the company has deposited only 15 thousand crore rupees so far.

Advocate Kapil Sibal appeared on behalf of the group

Justice Khanna said that senior advocate Kapil Sibal, appearing for the Sahara Group, told on Tuesday that the company will submit an action plan to deposit the remaining amount. Senior advocate Arvind Datar, appearing for SEBI, said that after the death of Subrata Roy in 2023, no one knows who will lead the company and how it will deposit the money in compliance with the court order.