logo

Sahara moves SC to put on hold Aamby Valley auction

Sahara moves SC to put on hold Aamby Valley auction
Sahara chief Subrata Roy on Wednesday moved the Supreme Court seeking to put a hold on the auction process to sell the group's Rs 34,000-crore worth Aamby Valley property by the official liquidator of the Bombay High Court.

A bench, headed by Justice Dipak Misra, considered the fresh interim plea, mentioned by senior advocates Kapil Sibal and Mukul Rohatgi for an urgent hearing, and said that he would consult justices Ranjan Gogoi and A K Sikri and then fix a hearing date.
A special bench which has been dealing with the matter relating to the SEBI-Sahara payment dispute, comprises justices Misra, Gogoi and Sikri are part of The senior counsel, representing the Sahara Group, said the auctioning process for the Aamby Valley property in Pune district of Maharashtra be put on hold as the group has a payment plan to offer.
The apex court had on July 25 asked the embattled Sahara chief to deposit Rs 1,500 crore in the SEBI-Sahara account by September 7 and said that it might then deliberate upon his plea seeking 18 months more time for making complete repayment.
Agencies

Agencies

Our contributor helps bringing the latest updates to you


Share it
Top