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.

Other news

Guterres expressed grief over the incident of the bridge collapse in Morbi, condolences to the families of the victims

United Nations Secretary-General Antonio Guterres has expressed deep grief over the incident of t

Alia Bhatt Pregnancy: Ranbir had already announced the good news? Can you get a child's name tattoo done?

A little guest is going to come soon to the Kapoor family. Actresses Alia Bhatt and Ranbir Kapoor

Rajvir Jawanda's last post on social media went viral after his death; the singer is seen in this style.

After battling death for 11 days in the hospital, Rajveer Jawanda finally lost the battle for lif

Karnataka government angry with Kamal Haasan's statement, actor's films may be banned.

Kamal Haasan's controversial statement on Kannada language has created a storm in Karnataka. Karn

Foreign Minister Jaishankar's criticism of the issue of buying oil from Russia, said - the interest of the Indian people is paramount

Concerning buying oil from Russia, India has once again made it clear that it will take any decis

Two killed in heavy rain in Chennai: Record rain recorded in a single day after 30 years; Schools closed in 7 districts

Record rains lashed Chennai and its adjoining areas on Tuesday, leading to a flood-like situation

How 1 crore corona patients became in India: Started in Kerala, 1.98 lakh patients were found in lockdown, speed increased by 725%

The number of corona patients in the country has crossed 10 million. The first infected was found

HBSE 10th 12th Result 2022: New update on Haryana Board 10th, 12th result, when and how to see results?

HBSE 10th 12th Result 2022: Lakhs of students, teachers, and parents are eagerly waiting for the

Smartphone market in the country is 2 lakh crores. , 72% share of Chinese companies; It is very difficult to remove them from the market

Mumbai. The ongoing confrontation between India and China in Galvan, Ladakh has once again intens

Bihar lockdown again: Bihar may see a week-end lockdown, CM Nitish's big decision likely today

Bihar Lockdown Again because of the increasing cases of CoronaVirus Infection in Bihar, the State