NEW DELHI: The Supreme Court has agreed to remove the receiver and official liquidator from
Aamby Valley and ordered that all documents and papers pertaining to the valley be given back to
Sahara and that the company can start its operations, a statement from the Sahara lawyer said.
Advocate Vikas Singh said that Sahara was paying its liability for the second time and stated that Sebi already had about Rs 20,000 crore of the group. He said, “When this court has directed Sebi for verification, why Sebi is not starting the verification process? Let Sebi start verification of investors. Once verification is done, Sahara would get back the said amount with interest.”
Sahara’s advocate argued that police security for its directors should be withdrawn. On which Sebi strongly objected and said they were under parole. The bench observed, “Sahara has deposited Rs 20,000 crore, do you think they will run away for a few thousands crores?”
