How it went wrong for Sahara and Subrata Roy

At the core of the dispute (between Sahara and Sebi) is the question, who has the jurisdiction over fund-raising activities by two unlisted Sahara group entities, SIRECL (Sahara India Real Estate Corp Ltd) and SHICL (Sahara Housing Investment Corp Ltd), through the “private placement” route – Sebi or the ministry of corporate affairs?