The Sahara Group had earlier sought 18 months' time to repay around Rs 9,000 crore balance amount of the principal amount of Rs 24,000 crore.
The NBFC was registered on December 1998, with an office in Lucknow.
SEBI said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd
The top court last week gave Sahara a final chance to raise funds.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
Regulator has set up a special cell to carry out the refunding operation.
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
Market regulator Sebi has begun prosecution proceedings against two Sahara firms and their top officials, while accusing them of failing to provide documents related to three crore investors as per a Supreme Court order.
The company has been given time till June by mortgage holders Reuben Brothers
Sahara India Parivar on Thursday announced the launch of Sahara Global, a travel and tourism company, targeting a turnover of Rs 200 crore (Rs 2 billion) from services in inbound and outbound traffic and medical tourism in its first year.
It was business as usual at Sahara Sahar, the sprawling estate in the posh Gomti Nagar area, where Roy's residence and the Group's corporate communication wing are located.
Integrated entity for realty, infrastructure sector
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
Three desserts come together in one delicious offering.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
All three have cited personal reasons for giving up thepositions.
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
Sahara cousel Kapil Sibal said he was preparing an application.
The apex court was irked when Sebi claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.
In the high-profile case involving repayment of money to bondholders of two Sahara group firms, the Securities and Appellate Tribunal on Thursday dismissed a plea for extension of deadline for submitting investor documents to the market regulator Sebi.
It asked the Sahara chief to discuss the roadmap for future payments with amicus curiae Shekhar Naphade and Sebi, and said if they are convinced, the court could look into it
Sahara was in funding talks with Mirach
In a fresh twist to the alleged "forgery" saga, US-based Mirach has asked Sahara to make a "formal apology" for tarnishing its image.
Sahara accuses Mirach Capital of cheating, forging bank letter.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
Sebi's action on Sahara is showing results, but problems remain.
Sahara, in a statement on Wednesday, said a truck sent from its headquarters in Lucknow was refused entry by Sebi as it reached after the close of business hours on Septe-mber 10, the deadline imposed by the Supreme Court.
Subrata Roy was arrested in March 2014 after the company failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal.
You'll be spoilt for choices with these varieties.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Subrata Roy has been held in jail for more than a year.
Sahara said it has initiated legal action against Mirach Capital.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Jet to raise $400m and add 20 new aircraft for expansion.
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