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

Khalistani terrorists said - we killed Hindu leader Suri: and wrote in social media - even security will not be able to save

In the case of the murder of Hindu leader Sudhir Suri in Amritsar, Punjab on Friday, now Khalista

China's spy ship will reach Sri Lanka on August 11: Threat of spying from ISRO's launch station to missile and naval base

China's spy ship Yuan Wang-5 is moving towards Sri Lanka for reconnaissance of India at a speed o

Corona Vaccine - Russia and China Vaccine Approved; Why the Indian vaccine is getting delayed; When will we get the vaccine?

Neither China cares nor Russia. Both have approved their vaccines regardless of the World Health

IPL Auction Today: Only 61 slots for 292 players, 40-45 cricketers expected to be sold; Maxwell's eyes on 8 teams

The auction for the 14th season of the Indian Premier League (IPL) will be held in Chennai from 3

Strict on weddings in Gautam Buddha Nagar after Delhi, now only 100 people are allowed to be called

The uncontrolled Corona in Delhi-NCR has now forced the governments and administration to take to

World Health Day 2023: Why celebrate World Health Day? Learn its history and this year's theme

World Health Day 2023: WHO (World Health Organization ie World Health Organization) celebrates Ap

Hardeep Singh Nijjar: Who is terrorist Hardeep Singh Nijjar, in whose support the Canadian PM gave an absurd statement?

Canada is shocked by the murder of Khalistani terrorist Hardeep Singh Nijjar. Canada's Justin Tru

Rain stops South Africa-New Zealand semi-final

Auckland, March 24 (IANS) Rain has halted play in the South Africa-New Zealand cricket World Cup

Waqf Bill: If the Waqf Bill is passed in the Rajya Sabha, the Muslim Personal Law Board will go to court, questions raised on Nitish-Naidu

Maulana Khalid Rashid Firangi Mahali, a member of the All India Muslim Personal Law Board, said t

IPL 2022 Final GT vs RR: Hardik Pandya made Gujarat champion in the debut season itself, and IPL got a new winner

IPL 2022 Final GT vs RR: When Gujarat Titans were entered in IPL 2022, hardly anyone would have t

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