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

'Attack on democracy,' director Vivek Agnihotri's wife lashes out over The Bengal Files controversy

Director Vivek Agnihotri, who created a stir at the box office with the film The Kashmir Files, i

Trump surrounded at home: 'Relations with a strong ally like India should not be spoilt', Nikki Haley's advice to the government

US President Trump, who imposed tariffs on India for buying oil from Russia, is now getting surro

Former TMC MP Dinesh Trivedi, who joined BJP, resigned from Rajya Sabha alleging suffocation

Former Railway Minister Dinesh Trivedi joined BJP on Saturday. Describing the joining of BJP as t

Pakistan's withdrawal from the gray list is dangerous, terrorist attacks may increase; Intelligence officers alerted

Terrorist incidents in India have come down since Pakistan's inclusion in the Financial Action Ta

When asked to wear a mask, the policeman's uniform tore off, came after the scuffle, people said - an incident like America

The police cut a young man's challan for not applying a mask in Jodhpur city of Rajasthan. This l

Will Rohit Sharma and Virat Kohli be given farewell in Australia? BCCI finally breaks silence

Board of Control for Cricket in India (BCCI) Vice President Rajeev Shukla has put an end to specu

Raisina Dialogue: Latvia's Foreign Minister participated in Raisina Dialogue, said- we have good relations with India

The ninth edition of the Raisina Dialogue Conference started on 21st February. Politicians from a

Aam Aadmi Party will give free 300 units of electricity to every house if the government is formed in UP

The ruling Aam Aadmi Party (AAP) in Delhi has announced to provide 300 units of electricity free

Covid 19 India: Corona started scaring again, 40 percent patients increased in 24 hours; More than 5000 cases surfaced

The increasing cases of corona have again raised the concern of the health department. According

500 rupees seen in female corona patient's bag, hospital worker strangled to death for stealing, arrested

The body of a corona victim was found last week at the Rajiv Gandhi General Hospital in Chennai.

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