Supreme Court raps Sahara group over failure to deposit money, orders auction of Aamby Valley
Posted on:17 Apr 2017 16:11:39
Free Current Affairs to Your Email
17 April 2017 Current Affairs: The supreme Court Compelled to take strict action following the Sahara group’s non-submission of over Rs 5,000 crore, the Supreme Court on Monday directed the sale of the group’s luxurious AambyValley at Lonavala and appointed Bombay High Court’s official liquidator for selling the property. The apex court also asked the group’s chief Subrata Roy to personally appear before it on April 28.Taking strong objection of the group’s non-compliance of the court’s order, a bench comprising Justices Dipak Misra, Ranjan Gogoi and A K Sikri said, “Enough is enough. You cannot say something today and resile tomorrow.”The Aamby Valley properties are estimated to be worth Rs 34,000 crore. Earlier this month, the top court had warned the Sahara Group that it would be forced to auction its property in Maharashtra if it fails to deposit Rs 5092.6 crore in SEBI-Sahara refund account by April 17.The court also warned Roy that he will be at his own peril if continues to not comply with its order. The bench further asked Roy and his groups as well as SEBI to provide all necessary details relating to the properties to the official liquidator within 48 hours.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.