Live Breaking News & Updates on Sahara India Life Insurance Co
Stay updated with breaking news from Sahara india life insurance co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Indian Supreme Court has overturned an appellate tribunal s decision to stay an IRDAI order directing Sahara India Life Insurance to transfer its business and accounts to SBI Life Insurance as its financial position deteriorates. The Supreme Court noted the tribunal can hear the application for a stay afresh on 3 August and that Sahara s request will be considered independently and in accordance with the law. ....
Sahara India Financial Corporation, the major shareholder of Sahara India Life Insurance, is in for a scolding from the Supreme Court. The corporation has been criticised for failing to recover Rs 78.15 crore ($11m) from the insurance company. The court called the corporation a "gross defaulter" that had "siphoned off" funds from the insurance firm s policyholders. ....
SAT stays IRDAI order transferring Sahara Life business to SBI Life thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The Insurance Regulatory and Development Authority of India said the life insurance business of Sahara India Life will be transferred to SBI Life with immediate effect ....