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

Know which stations of Delhi Metro will be banned on 26th and 29th January and which stations will have to be banned

An advisory has also been issued by the Delhi Metro Rail Corporation regarding the Republic Day p

IND vs BAN: This catch of Hardik Pandya will blow your mind! He ran 25 meters on the boundary and dived to catch the ball.

In the second T20 match played between India and Bangladesh on Wednesday, Hardik Pandya did such

India-UK: India launches visa scheme for UK youth, facility has started in New Delhi

The High Commission of India in the UK on Tuesday started the visa application process for Britis

Gurugram - Administration constitutes 7 new teams for prevention of Corona infection

Gurugram The district administration does not want to leave any stone unturned in the prevention

Patients crossed 79 million; Death rate less than 1% in 14 states and union territories

The number of corona patients in the country has crossed 79 lakh. So far 79 lakh 9 thousand 49 pe

Many states are in debt due to free offers: The condition of states like Rajasthan-Bihar is bad, Center has spent 1.8 lakh crores on farmer fund

'Revdi culture' is making political headlines these days. 'Revdi Culture' means free offers

You will follow these rules only then you will get permission to travel, guidelines issued

New Delhi. The Airports Authority of India (AAI) has issued Standard Operating Procedure (SOP) to

Pedestrians are 5.5 times at risk on speedy roads: Countries fixing speed limit of 32 km/h to reduce this

Road accidents are a major reason for untimely deaths in cities. To reduce these deaths, many cou

Farmers Protest In Delhi: Mahapanchayat of farmers in Ramlila Maidan today, traffic advisory issued; This route diverted

Farmers are holding a Mahapanchayat in Delhi on March 14 for many demands including MSP. The Maha

External Affairs Minister Jaishankar on a two-day visit to Russia: Will meet Russian Foreign Minister and Deputy PM; Bilateral relations and international agenda will be discussed

External Affairs Minister S Jaishankar will go on a two-day visit to Russia today. There he will

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