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

Joe Biden's rating is falling, these five challenges are standing in front

American boxer Mike Tyson has a very popular saying that "everyone has some plan before getting p

Vande Bharat Fire: Bhopal-Delhi Vande Bharat train caught fire, incident happened near Vidisha, all passengers safe

A major accident was averted on Monday in Vidisha, Madhya Pradesh. A sudden fire broke out in the

Nepal stuck in the clutches of China, but India showed big heart by giving 1 million vaccines in crisis

Nepal, which had disturbed relations with its best neighbor by being caught in the sweet words of

Modi, Jinping, and Shahbaz will meet at SCO Summit, what are its implications, will the mystery of the China border dispute be solved?

Modi-Jinping-Shahbaz: For the first time since the Russia-Ukraine war, Russian President Vladimir

Andhra signs MoU with Singapore varsity

Hyderabad, March 31 (IANS) The government of Andhra Pradesh, the National University of Singapo

More than 58 thousand patients increased within 24 hours, 57 thousand people were cured, 960 patients died; 26.47 lakh cases so far in the country

The number of corona patients in the country has increased to 26 lakh 47 thousand 316. Within the

Russia-Ukraine War Updates: America is shying away from the war against Russia, Joe Biden said – we do not want war in NATO and Russia

97 days have passed since the Russo-Ukraine war. Even after passing so much time, NATO forces hav

Musk jokes on Twitter layoffs, those who never worked at Twitter hired him

Elon Musk posted a picture of himself with two people on Twitter. Musk wrote, 'Welcome back Ligma

Center offers talks with farmers, Khattar said - Khalistan connection input in the movement

Saturday is the third day of demonstrations by farmers in Punjab and Haryana regarding agricultur

These 17 important tasks like filing Aadhaar-PAN link and income tax return, otherwise it may cause loss

Today is the last day of 2020-21, so today you have to do many important tasks. If you miss doing

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