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

So the supply of mobile and cars will stop in the world! The attack on Ukraine increased the crisis of Chip

Russia Ukraine Conflict: Chip's crisis may deepen due to the ongoing war between Russia and Ukrai

Akhilesh said: No question was raised on Rana Sanga's bravery, Dimple also opened a front against the government.

SP President Akhilesh Yadav said that Samajwadi Party believes in social justice and establishmen

SAFF Championships: India-Kuwait football match draws 1-1, Chhetri's 92nd goal, Anwar's suicide goal turns the tide

Sunil Chhetri-led Indian team played out a 1-1 draw against Kuwait in the SAFF Championship footb

Aryan Khan's days will pass in jail now, bail rejected, new actress's name also came

The bail application of Shahrukh Khan's son Aryan Khan has been rejected by the NDPS court. On Oc

PM Modi: Assam, Sikkim, and Manipur are in a bad state due to heavy rains and floods; PM Modi assured all possible help

Prime Minister Narendra Modi has spoken to Assam Chief Minister Himanta Biswa Sarma, Sikkim Chief

PM Modi spoke in a webinar on Budget- Our work on green growth founded the foundation stone of the bright future of future generations

After the budget, PM Narendra Modi addressed the first webinar on green development. In his addre

Microsoft's dual screen smartphone can be launched in July, screen will be able to fold from any angle

If you too are waiting for Microsoft's foldable phone then there is big news for you. It is repor

China: China had to pay a heavy price for the growth of the economy, backward on many issues; as disclosed in the report

China has emerged as the world's second-largest economy with unprecedented growth over the past f

Modi misleading farmers, says AAP

Ghaziabad, March 23 (IANS) The AAP on Monday accused Prime Minister Narendra Modi of cheating fa

Hardik won the first T20 on his own: Sometimes MI left became IPL champion on return; Now the next Indian captain being seen in him

It is said that there cannot be only one medicine for every merge, but after the last World Cup,

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