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

UNSC: External Affairs Minister S Jaishankar to inaugurate a statue of Mahatma Gandhi at the United Nations on December 14

External Affairs Minister S Jaishankar and UN Secretary-General Antonio Guterres will inaugurate

India-New Zealand match canceled due to rain: players of both teams did time pass by playing football, second match on November 20

The first T20 match between India and New Zealand has been called off due to rain. After the T20

PM Modi will attend the post-budget webinar, and industrial, trade, and energy strategies will be discussed.

Prime Minister Narendra Modi will participate in three post-budget webinars through video confere

Father of 54 children died in PAK: Age was 75 years; Had 6 marriages, driving a truck filled the family's stomach

Abdul Majeed of Pakistan with 54 children and 6 wives died of a heart attack on Wednesday. Abdul

On his birthday, Samay Raina took a big step and apologized on social media for his actions.

Stand-up comedian Samay Raina is celebrating his birthday today. On this occasion, he apologized

‘Those who erased Sindoor had to lose their families…’, CM Yogi called Operation Sindoor a revenge for sisters and daughters.

As per the pre-announced program of emergency warning system and rescue and relief operations, mo

ED questioned Sonia again today: Sonia Gandhi said – Motilal Vora used to watch transactions; 75 questions asked so far in 9 hours

ED will question Congress President Sonia Gandhi on Wednesday for the third day in the National H

Paris Olympics 2024: Athlete injured after being punched by a boxer who was disqualified from gender test, uproar ensued, Bhajji-Kangana also reacted

Paris Olympics 2024 has been in the news for many reasons. From the controversy over 'The Last Su

Rahul's speech among Indians in Britain: I can speak here but am not allowed to raise the issue of Chinese intrusion in the Indian Parliament

Congress leader Rahul Gandhi surrounded the Modi government on Sunday by raising the issue of Chi

America did military exercises with South Korea, then North Korea was furious, and gave this big warning

North Korea's foreign ministry has criticized the United States for expanding joint military exer