Sahara group adopting delaying tactics: SEBI to SC

Accusing the Sahara group of adopting delaying tactics, market regulator SEBI today blamed the company in the Supreme Court for coming out with "contradictory" statements throughout the pendency of the matter.
"This case never had a truthful period. Their game plan is to keep SEBI tied up with scrutinising documents and pass time. Till today we don't know how Rs 20,000 crore be secured for payment. Evidence is not forthcoming for payment.
"We don't have wherewithal to sell the property. Every time they are coming out with a contradictory stand. Now they have come out with a cash theory in 2014," senior advocate Arvind Dattar, appearing for SEBI, submitted before a bench of justices K S Radhakrishnan and J S Khehar.

Dattar was responding to the charge of Sahara that SEBI was not complying with the orders of the apex court to verify the documents which were supplied to market regulator in 127 trucks.
He submitted that Sahara has not supplied the material in an orderly manner and SEBI has involved 300 workers to verify those documents.
"There has been a claim for Rs 3,500 crore and there have been cases of multiple deposits. Let us issue advertisement particularly in vernacular dailies and invite the claimants.
"Sahara has always aggravated the inconvenience of the court. Whatever has happened does not matter. If they want some time we can consider," he said.