The Securities and Exchange Board of India (Sebi) had moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court's direction.
The Sebi mentioned the matter before a bench headed by Justice Ranjan Gogoi for urgent hearing, saying the Sahara Group has been "obstructing" it by allegedly suspending business.
Here's the timeline for the Sahara-Sebi case:
2010
November: Sebi barred Subrata Roy and two of its companies – Sahara India Real Estate Corp (SIREC) and Sahara Housing Investment Corp (SHIC) - from raising any capital