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

Global Health IPO: IPO of the company that runs the chain of Medanta Hospital next week, know the details

The IPO of Global Health Limited, a company that runs a chain of hospitals in the country under t

Mukesh Ambani spoke for the first time on Reliance's succession: Said- new generation ready for leadership; Akash, Isha, and Anant are doing better than us

Reliance Industries Chairman Mukesh Ambani has made a statement for the first time on the issue o

Modi said- United Nations is facing a crisis of trust, cannot face the current challenges without major reforms

Prime Minister Narendra Modi has said that the United Nations (UN) is facing a crisis of trust an

Political Series: From Panchayat to Tandav, know about the changing politics after the election results from this web series

Election results are out in five states including Goa, Uttar Pradesh, Manipur, Punjab, and Uttara

T20 WC: Australia suffered three big setbacks in three days, first lost to Afghanistan and India, now out of the tournament

Afghanistan has made it to the semi-finals by defeating Bangladesh. With this, the Australian tea

Third death in 3 days from corona in Chandigarh, 15 died in 31 days, 367 active cases, 64 new patients found

In Chandigarh, 3 people died due to the coronavirus in three days. A 59-year-old woman died on Tu

ITA Awards 2022: Bollywood and TV stars shine on the red carpet, see the list of winners here

The stars of Bollywood and the TV world flaunt their style on the red carpet of every award funct

SCO Summit: Three superpowers on one platform; PM Modi, Putin, and Jinping seen together, the world saw the most powerful picture

A very powerful picture emerged from the platform of the Shanghai Cooperation Organization (SCO)

Demo of the remote voting system: Eight national and 57 regional parties understand RVM, and 16 parties including Congress oppose

The Election Commission on Monday showed the prototype of the Remote Electronic Voting Machine (R

Kolkata Doctor Murder Case: 'This is not just a case of murder', Supreme Court formed a National Task Force

The case of rape of a female trainee doctor in Kolkata is being heard in the Supreme Court today.

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