About US | Contact Us
Dakota Johnson, Zazie Beetz join untitled Annapurna thriller..
Messi begins road to Russia as Argentina chase World Cup glory..
Gold futures rise 0.16% on global cues..
Table tennis player Soumyajit Ghosh accused of rape, kin deny charges..
Govt. trying to divert attention: Rahul on data theft claim..
Terrorists killed in Kupwara encounter were of foreign origin: Police..
France condoles deaths of 39 Indians in Iraq..
IPL 2018: McClenaghan replaces Behrendorff in Mumbai Indians squad..
Aarushi murder: SC acknowledges plea challenging Talwars' acquittal..
Fodder Scam case: Lalu Prasad pronounced guilty..
E-cigarettes can harm your liver..
Sushant Singh Rajput's leading lady for H'wood remake revealed..
Nirav Modi's assets seized by Enforcement Directorate..
Raj Thackeray calls for 'Modi-mukt Bharat'..
Opinion Poll


SEBI-Sahara case: Saleable Aamby Valley property

The Supreme Court on Wednesday allowed the official liquidator and receiver in the Securities and Exchange Board of India (SEBI)-Sahara caseto auction the saleable property of Aamby Valley till April 19 in order to complete the auction process.

The liquidator told the Apex Court that two big corporate houses; Mahindra and Piramal groups have expressed their interest in purchasing a certain portion of the Aamby Valleyproperty.

The Sahara Group has been embroiled in a lengthy court battle with the SEBI, over a case involving Rs 24,000-crore refund to investors.

In October last year, the SEBI moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court\\\'s direction.

The SEBI mentioned the matter before a bench headed by Justice Ranjan Gogoi for urgent hearing, saying the auction process was to start from Tuesday but Sahara Group has been \\\"obstructing\\\" it by allegedly suspending day-to-day business activities in the project.

It claimed that suspension of business activities would create a law and order problem in the area and cause difficulties in carrying out the auction process.

Aamby Valley property auction process was to start from Tuesday but the SEBI said Sahara Group was \\\"obstructing\\\" it by allegedly suspending day-to-day business activities in the project. (ANI)

Copyright © 2016. nwztoday, Bhubaneswar, Odisha. All rights reserved.   Powered by: nwztoday