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

Kanhaiya Lal's murder is the rarest of the rare case: slit his throat with a sharp knife, threatened Modi by making a video, why he is sure to be hanged

This statement is from Rajasthan Police. The video which is mentioned in this statement is of the

Why Islamic State continues to attack prisons in Syria and Iraq - analysis

Recently, Islamic State (IS) attacked a prison in north-eastern Syria where hundreds of IS member

Bilkis Bano Case: 'Justice will be served only by hanging the culprits or keeping them in jail for the rest of their life', said the only eyewitness in the Bilkis Bano case.

The sole eyewitness of the Bilkis Bano case has said that those convicted of this heinous crime s

Bihar: Nitish Kumar government will have to remove three Yadavs, one Kurmi minister; This is the formula of Rahul Gandhi and Lalu Yadav

A big dream project of Bihar Chief Minister Nitish Kumar was completed on Gandhi Jayanti. Caste c

Redmi Note 9 Discount: Redmi Note 9 getting cheap price, it gives competition in terms of camera

Chinese smartphone company Xiaomi is making its popular handset Redmi Note 9 available at cheap p

IIT Guwahati: President Murmu inaugurates Param Kamrup Super Computer Facility at IIT-Guwahati

President Draupadi Murmu on Thursday inaugurated and laid the foundation stone of various project

PM Modi Letter: Before the announcement of elections, PM Modi's message to the country, this appeal to the public

PM Modi Letter: Now only a few hours are left for the announcement of the Lok Sabha elections. Th

'Even his flop film earns 200 crores...', Suniel Shetty gave such a reply on Salman Khan's failure.

Salman Khan, who has given blockbuster films like Bajrangi Bhaijaan, Sultan, and Ek Tha Tiger, ha

Afghan women raised flags in support of Iran, Taliban fighters fired upon them

The process of protests in Iran over the death of a woman during police custody in Iran is not ta

Rains swell Chambal River

Agra, March 20 (IANS) The Chambal river has risen menacingly following heavy rains, officials an

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