About US | Contact Us
Delhi air quality oscillating between very poor, severe: authorities..
PM condoles demise of Union Minister Ananth Kumar..
Stardom easiest way for an actor to get corrupted: Naseeruddin Shah..
Red-hot number one Momota wins badminton's China Open..
GST a monumental reform, hit growth only for 2 qtrs: Arun Jaitley..
Chhattisgarh polls: Amid Maoist threat, 1 lakh security men deployed for first phase..
Union Minister Ananth Kumar passes away in Bengaluru..
Macron snubs US arms in defence spat with Trump..
Respect key for relationship, says Priyanka Chopra..
Sardar Vallabhbhai Patel's Statue Of Unity inaugurated by PM Modi in Gujarat's Kevadiya..
SC asks Centre to submit details of pricing of 36 Rafale fighter jets..
Sourav Ganguly to BCCI: Experience in the matter of coach selection was appalling..
Shaan denies report that he was pelted with stones during Assam concert, says it was one man..
SBI Reduces Daily Cash Withdrawal Limit On Select Debit Cards To 20,000 Rupees..
 
Opinion Poll

Loading...

 
Sahara SEBI Case: Aamby valley auction fails, two buyers offer to buy properties

The Securities and Exchange Board of India (SEBI) on Thursday informed the Supreme Court that the auction of Sahara's Aamby valleyproperty has once again failed, as they did not receive any bid for it.
However, two companies - Sai Rydam Realtors, Prime Downtown Real Estate - are willing to buy the land owned by Sahara at Vasai in Mumbai, the SEBI added.
The two companies have been asked to deposit a total of Rs. 982 crores to buy Sahara's three-acre land.
The two buyers deposited around Rs 100 crores today. They have been asked to deposit Rs 200 crores by July 24 and another Rs 200 crores by August 15. The remaining amount has to be deposited by September 12.
The court has finalised September 12 for the next hearing in the matter.
Earlier in February, the top court allowed the official liquidator and receiver in the SEBI-Sahara case to auction the saleable property of Aamby Valley till April 19 in order to complete the auction process.
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. (ANI)

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