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SC orders attachment of Sahara's Rs 39,000 crore Aamby Valley project

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SC orders attachment of Sahara's Rs 39,000 crore Aamby Valley project

The Supreme Court on Monday attached Sahara group's Aamby Valley property in Pune for the recovery of Rs 14,799 crore that the group's two companies involved in real estate have to pay investors. The property is worth Rs 39,000 crore.

Sahara admitted before the court that it had to pay Rs 14,000 crore as principal money to Sebi and that it had already paid Rs 11,000 crore.

The bench of Justice Dipak Misra, Justice Ranjan Gogoi and Justice A.K. Sikri also told Sahara to submit a list of its properties which are free from any charges by February 20.

It directed the next hearing of the matter on February 27.

Sahara in the meanwhile deposited Rs 600 crore as directed by the Centre by its November 28, 2016, order for continued parole of Subrata Roy and others.

Next hearing is scheduled on February 27.


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