January 08, 2025 09:21 pm (IST)
Aamby Valley property to be auctioned off if Sahara fails to meet payment deadline
New Delhi, Apr 27 (IBNS): Subrata Roy, chief of the beleaguered company Sahara, informed the Supreme Court on Thursday that his company will deposit Rs 1500 crore by June 15, this year, according to media sources.
The apex court has said that Roy will be sent to jail and the company's Aamby Valley property, valued at Rs 37,000 crore, auctioned off, if he fails to meet the submission deadline, media reported.
He has also offered to deposit Rs 5000 crore with the Securities and Exchange Board of India (Sebi) by October, this year, media reported,
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Thank You Didi, writes Arvind Kejriwal on X after TMC backs AAP for Delhi Assembly polls
Wed, Jan 08 2025
India extends ex-Bangladesh PM Sheikh Hasina's visa: Reports
Wed, Jan 08 2025
India hands over High Impact Community Development Project to Nepal
Wed, Jan 08 2025
Ajit Doval, Raja Dato discuss bilateral cooperation during India-Malaysia Security Dialogue
Wed, Jan 08 2025
Sheesh Mahal row: AAP leaders who were denied entry into CM's residence turn towards PM's house
Wed, Jan 08 2025
One body recovered from Assam coal mine inundated with water, 8 others still trapped
Wed, Jan 08 2025
Centre announces memorial for Pranab Mukherjee, his daughter thanks PM Modi for 'gracious gesture'
Tue, Jan 07 2025
Amit Shah launches BHARATPOL that can usher new era in India's international investigation
Tue, Jan 07 2025
Arvind Kejriwal launches AAP's campaign song for Delhi elections
Tue, Jan 07 2025