Monday 26th, June 2017
canara news

SC wants Sahara's Aamby Valley property auctioned

Published On : 18 Apr 2017


New Delhi, (IANS) The Supreme Court on Monday asked the official liquidator of the Bombay High Court to auction the Aamby Valley property of the Sahara group to recover the money it has to pay to market regulator SEBI to be returned to investors.

Directing Subrata Roy Sahara to be personally present in the court on April 27, Justice Dipak Misra, Justice Ranjan Gogoi and Justice A.K. Sikri demanded to know why the money had not been paid so far.

The top court had in 2012 asked Sahara to return the investors' money that Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd had raised in 2008 and 2009.

Asking Roy to be present in the court on April 27, the bench said: "Now we are tired. We have heard a lot."

 







More News

May hand over Goa illegal mining case to CBI: Parrikar
May hand over Goa illegal mining case to CBI: Parrikar
Intolerance in the country, says Mamata
Intolerance in the country, says Mamata
Sushma targets Meira Kumar using old video, news report
Sushma targets Meira Kumar using old video, news report

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.