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.

Did you know?Explore Trending and Topic pages for more stories like this.
0 Like 0 Dislike
Previous news Next news
Other news

This bowler of 7.75 crores will join the RCB team between IPL 2023! Wreaks havoc with a speed of 150

Josh Hazelwood Likely To Join RCB Team in between IPL 2023. The 32nd match of IPL 2023 is being p

Uddhav said - By the end of April, there will be 12 lakh active cases of corona in Maharashtra, these demands from PM

Amidst the ever-increasing corona cases in Maharashtra, Chief Minister Uddhav Thackeray has said

CUET: Preparation of CUET twice from next year on the lines of JEE Main, NEET, universities will be able to set standards

The Common University Entrance Test (CUET) is set to be conducted twice a year from the next sess

Amidst the news of the breakup, Kiara Advani - Siddharth Malhotra's video is going viral, fans may be shocked to see

In the film industry, when someone falls in love and when the whose breakup is not known. Recentl

Conflict politics intensified in Bengal: Center and Mamta government once again face to face; What will be Mamta's strategy on the transfer of the Chief Secretary?

The case of Chief Minister Mamata Banerjee not being included in the review meeting of Prime Mini

80% of toys in the country come from China, the business of 12 thousand crores every year, toy business made in India is less than 1 thousand crores

A few slums are seen along the road on the Delhi-Haryana border. About two dozen families of noma

After a strutting display, Rajpal Yadav met Sonu Sood and smiled and hugged him in front of the paparazzi.

Rajpal Yadav, who was involved in a check-bounce case, has been in the news continuously since hi

PM Modi to meet with CMs of all states on April 8, to discuss the situation in Corona

New Delhi: PM Narendra Modi will once again hold a meeting with the Chief Ministers of all the st

Haryana's botched-up eye camp held without permit

Chandigarh, March 24 (IANS) A recent eye camp in Haryana's Panipat district, where 19 elderly p

JNU: JNU will conduct studies in Indian languages also, Vice Chancellor said – Special Center for Indian Language will be established

Professor Shantisree D Pandit, an alumnus of Jawaharlal Nehru University and the first woman Vice

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