A special bench headed by Chief Justice Dipak Misra made it clear that if the Sahara Group fails to sell its property by May 15, the Bombay High Court's official liquidator will proceed with the proposed auctioning process to sell the property.
A bench comprising Chief Justice Dipak Misra and Justices Ranjan Gogoi and A K Sikri also asked the official liquidator of the Bombay High Court to take the help of the Receiver and ensure that the Aamby Valley properties are auctioned.
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SEBI alleges that the company attempts to disrupt auction proceedings of their Pune based property, Aamby Valley.
Earlier, only two potential bidders were believed to have shown initial interest for embattled Sahara group's super luxurious Aamby Valley resort town, which has been put up for a Supreme Court ordered auction by the official liquidator at a reserve price of Rs 37,392 crore.
Sahara holds 85 per cent in New York's Dream Downtown hotel and 70 per cent in the Plaza.
The apex court had earlier asked the company to pay the amount by July 15, for which an extension till August 30 for requested by Sahara.
In a public notice today, the Securities and Exchange Board of India said that SBI Capital Markets has been mandated to e-auction a 82.93 acres of land located in village - Bahadarabad and Ranipur in Haridwar, Uttarakhand.
More than 250 Expressions of Interest were received for sale of the 30 domestic properties across India for the auction.
The Supreme Court today extended till June 19 the parole of Sahara chief Subrata Roy with a warning that failure to meet the deadline of June 15 for the payment of Rs 1,500 crore would land him in prison once again.
The Income Tax (I-T) department, as part of a special investigation and audit into the account books of the Sahara Group’s Aamby Valley Limited (AVL), has slapped a Rs 24,646-crore tax demand and penalty R
The Income Tax department has issued a Rs 24,646 crore tax demand notice to Sahara Group's Aamby Valley Limited (AVL) after conducting a special audit of the company.
Irked over non-submission of money, the Supreme Court on April 17, 2017, decided to sell Rs 34,000 crores worth properties of the Sahara Group at the Aamby Valley and sought Subrata Roy’s presence next R
In an earlier hearing on the dispute between Sahara chief Subrata Roy and Securities and Exchange Board of India (Sebi) over the non-payment of money to millions of investors, the Supreme Court had warned Sahara that if the company failed to deposit Rs 5,000 crore, the court would auction the Aamby Valley property.
The Supreme Court, on March 21, 2017, warned the Sahara Group that it will auction its prime property worth Rs 39,000 crores at Aamby Valley in Pune, if Rs 5,092.6 crores is not paid R
The Supreme Court, on February 6, 2017, directed attachment of the Sahara Group’s Aamby Valley property in Pune, for realisation of money to be paid to its investors. The apex court also asked the R
The Securities and Exchange Board of India is finding it hard to sell the properties of Sahara India Pariwar because of issues with the title deeds.
SEBI has deployed constables to keep tabs on Sahara chief Subrata Roy, who owes the country's market regulator Rs 12,000 crore.
Keeping up the heat on the charges of "personal corruption" by Prime Minister Narendra Modi, Congress has demanded the Income Tax Department challenge the Settlement Commission's "unprecedented" order in the so-called Sahara diaries case.
Toeing the party line, Sheila Dikshit today targeted Prime Minister Narendra Modi wondering why he was shying away from an independent probe into the 'Sahara-Birla' papers relating to alleged pay-offs, days after her comments questioning autheticity of the documents put Congress on the backfoot.
The Supreme Court today asked Sahara Group chief Subrata Roy to deposit Rs 600 crore more by February 6 next year in the SEBI-Sahara refund account to remain out of jail and cautioned him that in case of failure, he would have to return to prison.
Earlier, 13 properties were put on the block in October and their combined reserve price was about Rs 1,400 crore.
Embattled Sahara Group on Friday told the Supreme Court it was ready with a roadmap to deposit the remaining amount of Rs 12,000 crore in the SEBI-Sahara account by December 2018 to be refunded to the investors.
Sahara Group on Thursday told the Supreme Court that it would deposit Rs 200 crore with market regulator SEBI in pursuance of an earlier apex court direction and sought advancement of the hearing in the case.