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2015 Supreme(SC) 1225

T.S.THAKUR, ANIL R.DAVE, A.K.SIKRI
Securities and Exchange Board of India (SEBI) – Appellant
Versus
Sahara India Real Estate Corpn. Ltd. – Respondent


Advocates:
Advocate Appeared:
For Appearing Parties: Shekhar Naphade, Arvind Datar, Kapil Sibal, Rajiv Dhawan, S. Ganesh, Advs. Guru Krishna Kumar, Sr. Adv., Shubhangi Tuli, Vikram Sobti, Pratap Venugopal, Surekha Raman, Supriya Jain, Gaurav Nair, Niharika, Advs. for K.J. John and Co., Gautam Awasthi, Ayush Chaudhary, Abhinav Mani Tripathi, Nijam Pasha, Simranjeet Singh, Gautam Talukdar, Rahul Tripathi, R.S. Yadav, Gaurav Kejriwal, Ramesh Babu M.R., Swati Setia, D.L. Chidananda, Sadhana Sandhu and Anil Katiyar, Advs.

JUDGMENT :

A.K. Sikri, J.

1. Before we advert to the reliefs claimed in these applications and announce the outcome thereof, we would like to recapitulate, very briefly, the genesis for moving these applications as we feel that such a recount of the previous events would make it easy to understand the circumstances under which these applications have been filed. It would also provide us the course of action that is to be taken on the prayers made in these applications.

2. The main proceedings with which we are concerned are the contempt petitions bearing Nos. 412 of 2012 and 413 of 2012 in Civil Appeal Nos. 9813 of 2011 and 9833 of 2011 as well as Contempt Petition No. 260 of 2013 in Civil Appeal No. 8643 of 2012. These contempt petitions filed by the Securities and Exchange Board of India (for short, 'SEBI') have the origin in the judgments that were pronounced in the civil appeals, numbers Whereof are mentioned above. It so happened that Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) (hereinafter referred to as the 'Saharas') invited and claimed to have collected deposits from general public who, allegedly, included co












































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