Economy Securities Appellate Tribunal allows Sahara to withdraw appeal against Sebi order in Mutual Fund matter Updated : April 26, 2018 07:31 PM IST Earlier this month, Sebi had asked Sahara Mutual Fund to wind up all its schemes. Against this order, Sahara group had moved the tribunal. Sahara Asset Management Co, Sahara Mutual Fund and Sahara India Financial Corporation were the appellants. Sahara group has been engaged in a long-running regulatory and legal battle with Sebi ever since it ordered refund of a massive over Rs 24,000 crore by two Sahara entities. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.