Last Updated on April 20, 2018 11:42 am by INDIAN AWAAZ
AMN
The Supreme Court Thursday allowed the Sahara Group to choose any parcel of its property in the Aamby Valley city project in Maharashtra and sell them by May 15 and deposit the proceeds with the SEBI-Sahara refund account. 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. 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.