Citizens' Issues
HC directs Sahara India, Subrata Roy to file reply on a PIL

Sahara India and Subrata Roy have been asked by the high court to file their reply on a PIL filed by Lucknow-based activists. The Thakurs, in their PIL, had called for a complete ban on all advertisements where any constitutional or statutory body is criticized 

 
The Lucknow bench of the Allahabad High Court on Wednesday directed Sahara India Pariwar and Subrata Roy to file within two weeks their reply in a public interest petition (PIL) filed by IPS officer Amitabh Thakur and social activist Dr Nutan Thakur.
 
After hearing arguments from both the sides, a bench of justice Uma Nath Singh and justice Dr Satish Chandra asked Sahara to file its reply in two weeks. The matter would be heard next on 22nd April.
 
During the hearing, advocate Ashok Pande, the counsel for Thakurs argued for strong action against Sahara and Mr Roy. Additional Solicitor General KC Kaushik did not oppose the plea.
 
The Thakurs had filed the PIL after the release of full-page advertisements by Sahara in leading Indian newspapers on 17th March for ‘denigrating’ and abusing a statutory, self-regulatory body and a retired supreme court judge. 
 
The PIL says that a private person and a private organization have openly denigrated and accused the Securities and Exchange Board of India (SEBI), which is a statutory body established to safeguard the interests of investors and to act as the market regulator. The advertisement also criticized justice BN Agarwal’s conduct while both SEBI and justice Agarwal are only performing their official duty. 
 
The petitioners said the act of criticizing SEBI through an advertisement prima-facie seems to be a criminal misconduct under Sections 186 and 189 IPC and provisions of the Companies Act, 1956.
 

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COMMENTS

sulochna

4 years ago

Looking at the recent developments in Sahara - SEBI encounter. Sahara has given a felicitous and affirmative reaction to the dig taken by SEBI chairman U K Sinha. Sahara claimed that total investor base of 3.07 crore included as much as 2.99 crore with funds accounting for up to Rs 20,000 each. The company backed its previous claim that 90% of investors have been repaid. Also Sahara India is putting great effort to make a World Record with our National Anthem “Jana, Gana, Mana”.

REPLY

Arun Mehta

In Reply to sulochna 4 years ago

It's time this noble son of Bharat Mata who never misses and opportunity to display(Read his mainstream media blitz on Anthem singing World record efforts)' his patriotism has been able hide his 'dark side' thro his well planned PR and hiding his real politician's fund nexus.Only the Apex court which has now made CBI/SEBi report to them can expose this mysterious organization and bring to public scrutiny in time for the 2014 elections.

Arun Mehta

4 years ago

One can take a cue from the large disproportionate growth of income of a Dalit politician in UP, as an aggregation of small'cash' donations from members/wellwishers of the party and their love for it's chairman,as such no accounts /records have been kept.

sameer

4 years ago

Sebi chairman should kindly send an amended statement to media with realisation and apologies that why cash repayments to around 90 per cent investors have been made and the 90 per cent cash payments are totally justified

sulochna

4 years ago

It was one most transparent answer by Sahara to another sarcastic yet malicious allegation by SEBI chairman. Sahara has backed its claim that 90% of investors have received the payment. Sahara also claimed that many of their investors are small scale and they do not go to banks neither banks come to them justifying their cash refund.

sneha

4 years ago

SEBI has been trying it all from issuing public notice, moving Supreme Court and requesting arrest pleas. It seems that SEBI has reached a level of desperation in its campaign to malign Sahara's image. SEBI's chairman taking dig at the company without naming it justifies SEBI's faltering attempts and Sahara's justifying claims.

Ravindra

4 years ago

Have the Thakurs ever heard of the freedom of the Press and the freedom of the Individuals?

I think they are still in the era of the Mogul Sultanat. Even there with many , if not all, Sultans and Badshahs a common man was heard.

vinay pathak

4 years ago

here, i want to say that Sahara and subrata roy never denigrate Sebi. Besides that sebi is the only one who denigrate Sahara India and subrata roy.

I'm an investor of Sahara india from the last 8 years but i never face any problem with Sahara india pariwar.
Moreover, from the last 8 years what i experienced is that Sahara india pariwar is the best

REPLY

VINOD TRIPATHI

In Reply to vinay pathak 4 years ago

if u r real invester then help me to refund my bonds in cash/account or get lost from this portal
as u stated here that u could not here anything negative about sahara. if u r in public forum u have to hear from real people i have 100+ people who can say sahara does not paid and forcefully converted to q-shop this is the way u ch... people
dou have any profit making business?is there helpline no working in sahara for investors.give me your mail id i will send u details regarding my struggle for payment. and for u just go to google type SAHARA INDIA fr or SAHARA INDIA NON PAYMENT U MAY FIND ALL YOUR satisfied investors
vinod tripathi

Arun Mehta

4 years ago

That Ad has been followed up with a full page ad in the mainstream of the good VVIP's get togetjher for the family social function of Mr Royas grand child and very recently on great qualityie sof his own father.All these unconvetional ads are only to make a point that how can such noble hearted citizen of "Bharatmata" could ever be charged or suspected of any malfeasance.

REPLY

vinay pathak

In Reply to Arun Mehta 4 years ago

Hey Mr. Arun, in my opinion, I don't think so that Mr Roy had ever denigrate sebi.
And he never misuses the money of investors like us. Although Sahara India pariwar always helps investors like us.
And they also supports our national sports and our cricket team

VINOD TRIPATHI

In Reply to Arun Mehta 4 years ago

VERY GOOD ARUN G

Gopinath Munde defies BMC order to close his Worli office

It is alleged that the BJP leader has merged shops, originally allotted as convenience stores, for his office and connected it to the basement in Shubhda Co-operative Housing Society at Worli in Central Mumbai

Gopinath Munde, deputy leader of the Bharatiya Janata Party (BJP) in the Lok Sabha is refusing to close his office at Worli in Mumbai despite orders from the BrihanMumbai Municipal Corporation (BMC), alleges bureaucrat-turned-activist Abha Singh and Amit Maru.

 

According to advocate Singh, the BJP leader has merged shops originally allotted as convenience shops and connected it to the basement in Shubhda Co-operative Housing Society.

 

She said, permission was given to construct 14 convenience shops meant for day-to-day needs like kirana shops, on the ground floor of the society. Permission was also given to construct a basement for parking and for storage.

 

“However, Mr Munde and other persons merged these shops by removing the walls for converting it into his office. He later connected his office to the basement below, which is not permitted as per law,” Adv Singh claimed.

 

She said, the BMC sent a notice to Mr Munde, however, the BJP leader and others are not complying with the orders. “It is believed that for the reason of refusal to remove office and other illegal acts, the municipal corporation is now considering strict action of filing an FIR in the matter and to start demolition proceedings. We will also be shortly moving the Environment Department for action under the Environment Protection Act, 1986,” Adv Singh said.

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COMMENTS

Vaidya Dattatraya Vasudeo

4 years ago

That is the party with a difference, with NONE

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