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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.
Securities Appellate Tribunal allows Sahara to withdraw appeal against Sebi order in Mutual Fund matter

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