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

Bigg Boss 19: 'This is the most absurd thing...' Amaal Mallik did a dirty act while standing in the kitchen, video goes viral

Bigg Boss 19 has entered its seventh week. A fierce battle is brewing between the contestants. Wh

Pakistan instigated violence in India: provocative tweets made from more than 60 thousand non-verified accounts, some other countries also included

Pakistan and some other countries are behind the violence in India after the remarks on Prophet M

Maharashtra NCP Ajit Pawar: Show of strength by both factions of NCP today, Sharad Pawar faction issues whip to MLAs

Both the factions of the Nationalist Congress Party (NCP) will hold a show of strength today. A w

IPL Auction 2022: Why did Suresh Raina remain unsold? Sunil Gavaskar says

Veteran cricketer Sunil Gavaskar has said that he was surprised to see Suresh Raina go unsold in

The controversy didn't stop: Girls arrived in Karnataka wearing hijab for exams, college returned

The controversy over the hijab continues in Karnataka. On the one hand, following the guidelines

Dhanteras will be for two days: Muhurat for shopping and investment from 8 am tomorrow; Dhanteras shopping can be done on Sunday also

The five-day festival of Deepotsav is starting from Dhanteras. This time Dhanteras will start at

"We stand for each other...," an Arunachal woman harassed in China replies to trollers

Pema Wang Thongdok, a woman from Arunachal Pradesh who faced harassment in China, has now targete

Delhi-NCR Weather Update: Storm will blow... lightning will thunder, possibility of rain in NCR; weather will remain like this for a week

The people of Delhi-NCR have been getting relief from the humid heat for the last three days. The

After treatment, Kejriwal resumes work Tuesday

New Delhi, March 17 (IANS) After undergoing naturopathy treatment in Bengaluru for 10 long days

Pakistans Hindu Temple Vandalised: Hindu temple was rebuilt in Pakistan, idols of deities were vandalized

Once again the talk of targeting a Hindu temple in Pakistan has come to the fore. Idols of deitie

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