Auction Aamby Valley property of Sahara group to recover money: SC

Court
Auction Aamby Valley property of Sahara group to recover money: SC

New Delhi: The Supreme Court today gave directions to the official liquidator of the Bombay High Court to auction the Aamby Valley property of the Sahara group in order to recover the money it has to pay to market regulator SEBI.

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.”