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

Rahul Gandhi Germany : 'Judicial independence, democratic principles...': Germany's statement came in Rahul Gandhi case, started giving advice to India

The German government has stated Rahul Gandhi's removal from parliament. In its statement, German

TMC bids on Shubhendu joining BJP - Happy evening for us, virus-free

The Trinamool government of West Bengal has been given a major setback by the Bharatiya Janata Pa

IND vs AUS: When Kohli got a lease of life, Ashwin was surrounded by superstition, he stood in one place throughout the match, and said this

India defeated Australia by six wickets in their first match of the World Cup 2023. With this vic

Twitter-Musk Row: Twitter's shareholders will decide on the deal with Musk, voting will be held on September 23

Microblogging site Twitter has set a date for shareholders to vote on the matter amid an acquisit

ODI WC Final: Special preparations by Railways for the World Cup final, special train will run for the match; Know the time table

The final of the ODI World Cup 2023 is to be held between India and Australia. Players of both te

Now it will be impossible to occupy Waqf properties, every penny of the property will be recorded on the 'Umeed Portal'

The Central Government has notified the 'Integrated Waqf Management, Empowerment, Efficiency and

Will Putin pay India's price to Shahbaz? Pakistan wants to buy oil from Russia

With the rate at which Russia is selling oil to India, Pakistan also wants to buy oil from Putin

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

Cow Hug Day: Union Home Minister Giriraj Singh said - Countrymen should celebrate 'Cow Hug Day' on February 14, not Valentine's Day

Valentine's Day is the day of love. This day is very special for lovers. Couples spend time toget

Apple WWDC 2023: Apple's new explosion Vision Pro, the world's thinnest 15-inch MacBook Air also launched

The wait for Apple's annual event is over. The company's CEO Tim Cook has formally started it. Th

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