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S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
S.E.B.I. Petitioner(s)
VERSUS
CORAM :
HON'BLE MR. JUSTICE DIPAK MISRA
HON'BLE MR. JUSTICE RANJAN GOGOI
HON'BLE MR. JUSTICE A.K. SIKRI
Holdings LLC, New York, USA, shall purchase the Hotel Plaza
by giving 550 million US dollars and to show its bona fide,
had agreed to deposit Rs.750 crores with SEBI Sahara Refund
Account, but that has not been done. It is submitted by Mr.
Sriram that after due diligence, the Company has found that
there is difficulty to go with the transaction.