SC rejects Sahara’s plea to review refund verdict
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Refuting that there was any "inconsistency" in the views of the two judges on the Bench, the Supreme Court on Wednesday dismissed a petition by Sahara Group to review its August verdict that ordered two of its companies to refund Rs 24,000 crore along with 15 per cent interest to investors of their optionally fully convertible debentures.
A Bench of Justices KS Radhakrishnan and JS Khehar said that Sahara's review plea had failed to make out any ground, necessitating the court to reconsider its verdict and that it had analysed the companies' arguments from all possible angles.
"We also do not find any inconsistency in the views expressed by both of us. On the other hand, all the contentions, legally and factually, raised by the appellants were examined, addressed and answered on all possible angles and dimensions," held the Bench in its order on Tuesday.
The court, which had a day before allowed Sahara to place on record additional affidavit for its consideration at the time of adjudicating the review plea, added that it had vetted all documents before reaching a decision that the Sahara Group failed to make out a case.
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