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.

Other news

One month of Taliban rule completed in Afghanistan, know what happened since August 15 till now

It has been a month since the Taliban came to power in Afghanistan. The Taliban took control of t

Yoga classes for Corona patients will start from tomorrow, CM Arvind Kejriwal announced

Recently, Chief Minister Arvind Kejriwal, who defeated the coronavirus, is constantly active. On

Day before lapse of Rs.170 crore project, Himachal CM still hopeful

Shimla, March 30 (IANS) Just a day before the lapse of a centrally-funded Rs.170 crore project,

WTC: Who has the upper hand in India-New Zealand and who will win the final, this legend told everything

Former Australia pacer Brett Lee believes that New Zealand may have an upper hand over India in t

Nasal Vaccine Price: Price fixed for Bharat Biotech's Nasal Vaccine, know how long it will be available?

The price of Bharat Biotech's intranasal corona vaccine INCOVACC, given through the nose, has bee

Russia Ukraine War 10th day Update: Flight reached Delhi carrying Indians trapped in Ukraine, Russia is launching a dozen missiles every day

Russian military action in Ukraine has worsened the situation. Meanwhile, the plane has reached D

'Operation Sindoor is going on...', Rajnath Singh reveals; 100 terrorists killed in India's action.

Defence Minister Rajnath Singh said in the all-party meeting that at least 100 terrorists were ki

Is Congress preparing for a change in Haryana too? Hooda suddenly called a meeting of MLAs at his residence

Haryana Congress Legislature Party (CLP) leader Bhupinder Singh Hooda has called a CLP meeting in

IPL: Five Indian players including Suryakumar Yadav, who claim for Team India with great performance

The league round of the 13th season of the Indian Premier League is over. In the league round thi

What steps is India taking for trade with Russia amid the Ukraine crisis?

During the Ukraine-Russia war, the Government of India has constituted a group of ministries unde