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RBI moves Apex court against Sahara

PUBLISHED ON: June 6, 2008 | Duration: 2 min, 05 sec

   
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The Reserve Bank of India (RBI) on Friday moved the Supreme Court seeking enforcement of its order to the Sahara group's para-banking arm to stop taking fresh deposits from investors. RBI has challenged an Allahabad High Court interim ruling, which Wednesday suspended the country's central bank's order to Sahara India Financial Corporation limited in this regard.
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