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

SIR Row: INDIA Block created ruckus outside Parliament over voter list, protested by tearing the list; Know who said what

The India Alliance of opposition parties staged a strong protest in the Parliament premises again

Chinese President Xi Jinping said global conflict can have dire consequences

Chinese President Xi Jinping warned at a meeting of the Davos World Economic Forum on Monday that

US President Joe Biden bluntly says Iran will never allow nuclear weapons

US President Joe Biden has said he will never allow Iran to acquire nuclear weapons. He said this

PPC 2023: PM Modi will discuss exams on January 27, and will address students, teachers and parents

Prime Minister Narendra Modi will interact with students, teachers, and parents in the upcoming e

Amit Shah's high-level meeting on the Delhi blasts continues, with the Union Home Secretary and IB chief also present.

The blast near the Red Fort last night has shaken all of Delhi. Union Home Minister Amit Shah has

Explained: Where and why there is dispute on the border between India and China?

The land border of China's neighboring country China is contiguous with 14 different countries of

Serious threat to America's democracy: 69% believe that democracy is not stable as before; The attitude of the Republican Party became a challenge

America has experienced tremendous political upheaval in the last hundred years. The Great Depres

E-Pharmacy: Preparation to curb e-pharmacy, Union Health Ministry may take big action

E Pharmacy under Radar Union Health Ministry is going to take strict action against the misuse of

Haryana government's big move, state board examinations of 10th are canceled, 12th exam postponed

Chandigarh. After the Central Board of Secondary Education (CBSE) board canceled the 10th examina

Center vs Kejriwal: Whose right on transfer-posting of officers? Supreme Court hearing on November 9

The Supreme Court has fixed the date of hearing on the petition of the Kejriwal government seekin

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