Will auction Aamby Valley if money not deposited, says Supreme Court
New Delhi, April 6:
The Supreme Court on Thursday said if the Sahara Group fails to deposit ₹5,092.6 crore in the SEBI-Sahara refund account by April 17 in pursuance of its order, it will be “compelled” to auction its property valued at ₹39,000 crore at Aamby Valley in Pune.
A bench headed by Justice Dipak Misra told the group that no extension of time would be granted for depositing the amount as it had assured the court that it would pay the money by April 17.
The observation came when the lawyer mentioned an interim plea seeking extension of time for depositing the money.
(This article was published on April 6, 2017)
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