1. In 2008/2009 Sahara filed its RHP under the provisions of the Companies Act with the Ministry of Corporate Affairs, which was duly registered and approved by them for raising money for Real Estate Business on the same basis as was done in 2002 for an earlier issue of Sahara. The earlier issue was duly closed and registered with the competent authority in 2008 along with the list of all investors running into millions.
2. Any country’s system will collapse if after getting clear, clean permissions from country’s competent Government’s Regulator, the company is so severally punished. Meaning, lawful...