The Sahara India Parivar on Friday refuted the Securities and Exchange Board of India's (SEBI) claim on it and said that that the market regulator has committed contempt of court.

"There is a clear order of Hon'ble Supreme Court which says that Sahara should deposit only the principal amount which is around Rs 24,700 crore out of which Sahara has already deposited Rs 22,500 crore (including interest). This is absolutely wrong demand by SEBI and it has mischievously added 15 per cent interest on the principal amount so they are very wrongfully mentioning Rs 62,600 crore," Sahara said in a statement.