The Supreme Court allowed on Wednesday a petition filed by the Central government, seeking allocation of Rs 5,000 crore out of Rs 24,000 crore deposited by the Sahara group with market regulator Sebi to repay more than 1.1 crore investors, who had put their life savings in four multi-state cooperative societies run by the Sahara Group.
Supreme Court will constitute an expert committee to review the regulatory mechanism and suggest ways to protect the investors from incidents such as the recent Hindenburg-Adani issue, which led to downfall of Indian share market