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| « From the Courts » |
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 M/s Albroz Industries, Baddi, Distt. Solan Vs The ITO, Parwanoo, H.P. | | BEFORE SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMBER, AND SHRI R.S. PADVEKAR, JUDICIAL MEMBER | | Shri, A. Mohan Alankamony, Accountant Member and Shri Kul Bharat, Judicial Member | | M/s Overseas Carpets Limited,I-1/16, Shanti Mohan House, Ansari Road, Darya Ganj,New Delhi 110002 vs. ACIT, Circle 13(1),New Delhi Room No. 406, CR Bldg., New Delhi | | ACIT, Circle II, Moradabad.Vs. Sunil Saran Kothiwal,38, Civil Lines,Moradabad (PAN/GIR No.N.A.) | | Court On Its Own Motion vs. CIT (Delhi High Court) | | Asstt. Commissioner of Income Tax, Central Circle-9, New Delhi Room No. 357, ARA Centre, E-2 vs. M/s Moets Bar-B-Cue,50, Defence Colony Market, New Delhi 110 024 PAN/GIR NO. : AAAFM7936M | | ADIT, Cir. 1(1), (Intl. Taxation), 204, Drum Shape Building, IP Estate, New Delhi 110 002 vs. Ms. Meena Chopra, P-13, Ground Floor,Malviya Nagar, New Delhi | | CIT vs. Awadh Hotels (P) Ltd (Allahabad High Court) | | BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER | | BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT AND SHRI T.R.SOOD, ACCOUNTANT MEMBER |
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| « Apex court wants RBI to hear out Sahara... | Help at hand for estranged Indian wives of NRI men... » |
Supreme Court orders Sahara hearing with RBI |
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| June, 09th 2008 |
India's Supreme Court on Monday asked Sahara India Financial Corp, which was barred by the Reserve Bank of India last week from accepting fresh deposits from the public, to appear before the central bank on June 12.
The Reserve Bank of India on Wednesday barred the finance company saying it had flouted rules on maintaining investments and interest payments.
Sahara moved the Allahabad High Court in Uttar Pradesh and secured a stay against the central bank's order. The Reserve Bank of India then went to the Supreme Court to appeal against the stay.
In its order on Monday, the Supreme Court asked Sahara to go to the Reserve Bank of India for a hearing on June 12. The central bank's comments were not immediately available.
SIFCL is one of the biggest finance companies and is based in the northern Indian city of Lucknow and has 42.5 million customers and 1508 service centres. The Sahara group has interests in financial services, entertainment, real estate and sports.
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