SEBI's latest refund order goes against natural law: Sahara
"We consider the recent order passed by SEBI as totally against the spirit of natural law. While taking the decision, SEBI once again has overlooked the hard facts and situations that very much prevailed at the time when SICCL issued OFCDs in 1998," it said.
SICCL said that SEBI`s order to refund Rs 14,000 crore to the company`s investors with annual interest of 15 per cent goes against the spirit of natural law, Image source: Reuters