AMN
The Supreme Court today directed official Receiver of the Bombay High Court to facilitate auctioning of Sahara’s Aamby Valley 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.
The court also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.
The Sahara Group had earlier sought 18 months to repay around 9,000 crore rupees balance of the principal amount of 24,000 crore rupees payable to its investors.
The apex court had on October 12 taken strong exception to the alleged obstruction by the Sahara Group in the Aamby Valley auctioning process and warned that anybody creating any impediment would be liable for contempt and sent to jail.
The top court was hearing the SEBI’s plea seeking contempt action against the Sahara group for allegedly obstructing the auctioning process of Aamby Valley