SC Orders Attachment Of Roy’s Amby Valley; Seeks List Of Other Properties [Read Order]
In a huge setback to Sahara Group chief Subrata Roy, the Supreme Court today ordered the attachment of the company’s prime Amby Valley property in Pune, It is approximately worth Rs 39,000 crore.A special bench headed by justice Dipak Misra said the drastic step was needed to force Sahara and Roy to expedite the payment of balance Rs 14,779 crore.The apex court also asked Sahara to. In a huge setback to Sahara Group chief Subrata Roy, the Supreme Court today ordered the attachment of the company’s prime Amby Valley property in Pune, It is approximately worth Rs 39,000 crore. A special bench headed by justice Dipak Misra said the drastic step was needed to force Sahara and Roy to expedite the payment of balance Rs 14,779 crore. The apex court also asked Sahara to provide a list of unencumbered properties by February 20 hinting that they also could be put to public auction Sahara has so far paid a little over Rs 11,000 crore and had sought time till July 2019 to deposit the balance of Rs 14,779 crore with the SEBI.
SC Orders Auction Of Sahara’s Ambey Valley: Summons To Roy For Apr 28 [Read Order]
SC tells Sahara's Subrata Roy to deposit Rs 600 cr by Feb 6 to avoid imprisonment
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