Sources said that HDFC Realty and SBI Capital would help the markets regulator in valuation as well as the sale process for the selected properties as per the directions of the Supreme Court.
The court has rejected the demand for now, saying that Sebi could not "properly file a claim prior to the Bar Date and in accordance with the terms of the Court's order". The Indianapolis court is looking into disbursement of money collected from the aircraft sale that was triggered by a litigation.
The Supreme Court issued a notice to Sahara for not complying with its earlier order. A Mumbai metropolitan court also issued summons to Subrata Roy asking him to appear before it personally.
SEBI: Unwilling Or Unable To Take Action Against Sahara?