The Securities & Appellate Tribunal (SAT) on Thursday dismissed Sahara Group companies' plea for extension of deadline for submission of investor documents to the Securities & Exchange Board of India (SEBI).

The Sahara Housing Investment Corp Ltd (SHICL) and the Sahara India Real Estate Corp Ltd (SIRECL) had filed the plea for extension of deadline on November 19, after SEBI declined to accept the documents related to millions of investors who had invested money in the two companies' OFCDs (optionally fully convertible debentures).

But, the SAT dismissed the plea, saying specific directions had already been given by the Supreme Court of India since then in the case.

Dismissing the two Sahara Group companies' plea, the SAT said, "The appeal is not maintainable, as directions in the same matter have been given by the Supreme Court."

The Supreme Court's deadline to the SHICL and SIRECL for submission of investor documents ended on Thursday.

On August 31, the apex court order the two companies to submit the documents till November 10. But, later it passed another order asking the companies to submit the documents to the market regulator within 15 days - the period that ended on yesterday.

The two Sahara Group companies collected nearly Rs 17,000 crore from investors between 2008 and 2011 through OFCDs in violation the SEBI rules. In November last year, SEBI directed the companies to return the money to investors along with 15 per cent interest.