LANDMARK CASE

Sahara India Real Estate Corporation v. SEBI (OFCD)

(2013) 1 SCC 1 · Supreme Court of India · Securities law

At a glance

Citation: (2013) 1 SCC 1
Court: Supreme Court of India
Area of law: Securities law
In one line: Yes. Sahara was ordered to refund with interest.

1 Facts

Sahara raised large sums through optionally fully convertible debentures from millions of investors.

2 Issue

Did SEBI have jurisdiction?

3 What the court decided

Yes. Sahara was ordered to refund with interest.

4 Why it matters

A major securities enforcement case.

5 Think about it

Why is public issue regulation needed?

6 Analyse it yourself

Read the full judgment from an official source or a law database, then brief it in seven steps: facts, issues, arguments, decision, ratio, obiter and significance. Always check the citation before you rely on it.

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