Sahara chief seeks 15 more days to sell properties
7 Sept 2014 4:48 AM IST
Sahara chief Subrata Roy told the Supreme Court that almost finalised deal to sell his three luxury hotels in New York and London has hit a roadblock and is on the verge of collapse and sought 15 days more time to sell the properties to raise Rs 10,000 crore to be deposited with SEBI to get bail.
Appearing before a bench headed by Justice TS Thakur, Roy’s counsel submitted that there have been huge protests outside the hotels after an International newspaper published story that Sultan of Brunei is buying the properties. A very serious problem has cropped up in the last three days after the paper reported that Sultan of Brunei is buying the properties, he said.
Appearing before a bench headed by Justice TS Thakur, Roy’s counsel submitted that there have been huge protests outside the hotels after an International newspaper published story that Sultan of Brunei is buying the properties. A very serious problem has cropped up in the last three days after the paper reported that Sultan of Brunei is buying the properties, he said.
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