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

SC upholds Goa minister's conviction for assault

New Delhi/Panaji, March 30 (IANS) The Supreme Court on Monday upheld a Bombay High Court judgme

MPPSC: Shivraj gave a big relief to the students who could not take the exam due to Kovid-19, knowing who will benefit and what will be the benefit

Madhya Pradesh Public Service Commission could not conduct the examinations for two years due to

Myanmar's economy becoming 'productive' from 'extractive': Indian envoy

Kolkata, March 20 (IANS) With Myanmar's economy moving from being "extractive" to "productive",

Amitabh Bachchan Birthday: Even God knows the importance of Amitabh, the megastar, played so many roles in 83 years.

In India, people typically retire from work at 60, but by 83, talk of retiring from life begins.

Corona Curfew in UP: Night Corona curfew ends in UP, now restrictions on the opening of shops are over

It has been announced to end the night corona curfew in Uttar Pradesh from Saturday. Due to this,

Action on Delhi nuisance: sedition case registered against those who committed violence in Red Fort; Lookout notice issued against farmer leaders

The police are in action for the second consecutive day on the violence that took place on Januar

Weather Update Today: There will be heavy rain in these states including UP-Bihar, know how the weather will be in Delhi-NCR

Monsoon is active in most parts of the country. Even today, the Meteorological Department has iss

Himachal fails to ply CNG vehicles on Rohtang despite order

Shimla, March 16 (IANS) The Himachal Pradesh government i

Terrorist plans foiled in Kashmir: Tiffin bomb recovered after a drone was shot down in Kanachak; 3 terrorists killed, 2 Pakistanis in Kupwara-Sopore

Three terrorists were killed in two encounters going on in Jammu and Kashmir on Monday night. One

Saiyaara Budget: You will be shocked to know the budget of 'Saiyaara', which earned 200 crores. The film was made in just this much crores

Despite no big stars and no major promotions, Mohit Suri's romantic musical drama Saiyaara is cre

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