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

Despite being such an expensive phone, the camera of another company is used on the iPhone! CEO Tim Cook himself disclosed

Apple iPhone Camera: Many people are crazy about the camera of the iPhone. Some people want to bu

Rahul Gandhi said - Congress leaders sent letters to Sonia in connivance with BJP; Ghulam Nabi said - I will resign if collusion is proved; Sibal also upset

There is a lot of discord in the Congress ... And this time the news has not come from the source

Trump did not take action in the Capitol violence: Investigation Committee said – Trump sat in the dining room for 187 minutes, everyone was watching on TV

On January 6, 2021, the 8th hearing was held in the US regarding the attack by supporters of form

Dornier crash: Navy officers to be cremated with full military honours

New Delhi, March 28 (IANS) The two Indian Navy personnel who died in the crash of a Dornier-228

PSL 2024: Imad Wasim was seen smoking a cigarette in the dressing room during the final of Pakistan League, and also became the player of the match.

Islamabad United won the title by defeating Multan Sultans in the final of the Pakistan Super Lea

Salman not invited to Katrina's wedding: Will stay in Riyadh for shooting during the marriage, sister Arpita said – haven't even received the invitation yet

Salman Khan, who established Katrina Kaif in Bollywood, will not attend her wedding. This news ha

'Husband is rich, get me 12 crore rupees and BMW, ' SC questions woman when she asks for alimony.

While hearing a case on Tuesday, the Supreme Court said that educated and capable women should st

Coronavirus Updates: Less than 10 thousand cases of the corona were found in the country even on the fifth day, 7,231 new cases were registered in 24 hours

The cases of the coronavirus in the country are continuously decreasing. Less than 10 thousand co

Vigyan Samvad Workshop: Professor HC Verma will teach the art of teaching physics in a simple way

A science dialogue workshop is being organized by Amar Ujala on Friday, July 22, 2022, in the aud

Weather Update: Mountains scorching with plains, heatwave warning in many states, know how the weather will be in your state

By the end of March in North India, the weather has also started showing its attitude. In such a