SC gives Sahara 'final' chance to raise money


Posted on 23rd Mar 2015 05:49 pm by mohit kumar

New Delhi, March 23 (IANS) The Supreme Court on Monday gave Sahara a "final and last opportunity" to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody.

The apex court bench of Justice T.S.Thakur, Justice Anil R. Dave and Justice A.K. Sikri also permitted Sahara to sell some other properties within the country to raise balance amount.

The court gave Sahara three months' time to complete the transaction, including exploring other options available before it.

0 Like 0 Dislike
Previous news Next news
Other news

America's advice to Pakistan: Seek relief from China in repaying debt, maintain relations with India responsibly
For the first time, the US has taken a jibe at the relations between Pakistan and China. Along with

New threat: China will increase defense spending by 7.1 percent, the defense budget will be three times that of India

India's neighboring country China is going to present its budget today. In this budget, China has

North Korea successfully test-fired two cruise missiles: Target made 2000 km away, claims - capable of nuclear attack

North Korea successfully test-fires two long-range strategic cruise missiles. It is claimed that

Chandaniya: Ashish Chanchlani's post was part of a promotion, a song released with Elli Avram; Users trolled him

Recently, YouTuber Ashish Chanchlani shared a romantic photo with actress Elli Avram and wrote 'F

New York-Singapore most expensive in the world: highest inflation in last 20 years, Chennai-Bengaluru and Ahmedabad cheapest in international list

An annual report has come about inflation in the big cities of the world. According to this repor

Mukhtar Ansari Death: Mukhtar's body brought home amid tight police security, will be laid to rest today

Mukhtar's body has reached his ancestral residence in Muhammadabad in Ghazipur district. Amidst t

Coronavirus Updates: Report of UP Health Minister, Negative, attended party with Kanika Kapoor

Uttar Pradesh Health Minister Jai Pratap Singh has not been found infected with the corona virus.

Trickster China to challenge ITBP with LAC - now we can't dodge us, know how young men are sitting

In the skirmish between India and China, the Indian Army personnel who have dented the Chinese Ar

Kunal Kamra's troubles will increase, Mumbai Police sent a third summons; calling for an appearance on 5th April

Mumbai Police has issued a third summons to stand-up comedian Kunal Kamra. He has been asked to a

Mizoram Election Result: ZPM gets a majority in Mizoram, 27 out of 40 seats; Zoramthanga resigned the Governor

Zoram People's Movement (ZPM) got a clear majority with 27 out of 40 seats in the Mizoram Assembl

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash