SAHARA INDIA REAL ESTATE CORP.LTD. vs SECURITIES & EXCH.BOARD OF INDIA

The Supreme Court addressed the balance between free press and justice administration in the context of Sahara India Real Estate Corp. Ltd.'s appeals against the Securities Appellate Tribunal's order to refund investments in Optionally Fully Convertible Bonds (OFCD). The Court emphasized the need for Sahara to secure liabilities to OFCD holders and highlighted the implications of unauthorized media disclosure of confidential proposals. The Court ultimately directed Sahara to ensure adequate security for the investors while considering the ongoing appeals.