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

Coronavirus Updates: Corona cases increased again in the country, with 2141 new cases in 24 hours; fewer active patients

The cases of coronavirus (Covid 19 Cases in India) have increased again in the country. Corona ca

BJP will make narcotics jihad an issue in Kerala, the central government will talk to the heads of the churches

Recently, a bishop from Kerala had commented on love jihad and narcotics jihad. Since then, there

Delhi's air still toxic: Air quality in 'very poor category with AQI 355, no relief expected in next 24 hours

The air quality in the national capital remained in the 'very poor category for the seventh conse

IPL 2024: Despite the win against Punjab, Hardik made this big mistake, and the referee imposed a fine of lakhs of rupees.

Mumbai Indians captain Hardik Pandya has been fined for violating the code of conduct i

Worship Act 1991 violates fundamental rights of Hindus and their God: Hindu side claims - Worship Act 1991

Whether Gyanvapi is a temple or a mosque, this dispute is in the court. The survey is going on th

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.

China's new border law: Dragon ready to collide with six countries, what is the conspiracy to use the people settled in Tibet against India?

China has approved a border law for the first time in its modern history. Under this new law, now

UNSC: External Affairs Minister S Jaishankar to inaugurate a statue of Mahatma Gandhi at the United Nations on December 14

External Affairs Minister S Jaishankar and UN Secretary-General Antonio Guterres will inaugurate

Jio Recharge 30 Days: Five plans of Jio with 30 days validity, starting from Rs 181

Following the order of the Telecom Regulatory Authority of India, Jio, Airtel, and Vi have recent

Uttarakhand Board Result: Piyush Kholia and Kanchan Joshi topped in Intermediate, scoring 488 marks out of 500.

Uttarakhand Board class 10 and 12 results have been declared. The intermediate result has been 82

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