As per Sahara, the total liability is not likely to exceed Rs. 5120 Crores and this amount has already been deposited with SEBI. With regard to the installments to be deposited with SEBI as per the order of the Hon’ble Supreme Court, Sahara has filed Interim Application before the Hon’ble Supreme Court pleading that Sahara be permitted to furnish security through a credible financial institution in place of the payment of the balance installments, since Sahara has already redeemed significant number of OFCD Holders. Thus any further payments to SEBI would amount to double payment. The said Interim Application is pending and is likely to come up next week.
