Showing posts with label liquidator for Sahara. Show all posts
Showing posts with label liquidator for Sahara. Show all posts

Supreme Court of India appoints liquidator for Sahara



New Delhi: With Sahara failing to deposit Rs 5,100 crores, the Supreme Court on Monday appointed official liquidator of the Bombay High Court to auction the Aamby Valley project near Pune in Maharashtra valued at Rs 34,000 crores to realise the dues from Sahara chief Subrata Roy, who is now on parole. On February 28, the Court while attaching the Aamby Valley project near Pune had permitted Sebi to sell some of the properties and directed Sahara to deposit about Rs 5,100 cr on or before April 17.

During the resumed hearing a three-judge Bench of Justices Dipak Misra, Ranjan Gogoi and A.K. Sikri refused to accept the arguments of senior counsel Salman Khurshid that time was needed till May 24 to deposit the amount. The court asked the official liquidator to submit a report by April 27 indicating the value of the properties and how he is going to sell them.