January 07, 2025 11:24 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre announces memorial for Pranab Mukherjee, his daughter thanks PM Modi for 'gracious gesture' | Delhi assembly elections on Feb 5, results on Feb 8 | Allu Arjun visits boy injured during Pushpa 2 stampede in Hyderabad | Donald Trump repeats his US-Canada merger offer after Justin Trudeau's resignation | India's HMPV cases surge to 7 after two cases reported from Nagpur | H-1B visa renewal will get simpler in 2025, Indians to benefit most as home country travel won't be required | As India detects 3 HMPV cases, #lockdown trends; Centre says no need to panic | Justin Trudeau announces resignation as Canada's PM amid rising pressure by partymates | 8 jawans, driver killed as Maoists blow up security vehicle in Chhattisgarh's Bijapur | Atul Subhash suicide: Karnataka High Court refuses to quash FIR against wife Nikita Singhania

Supreme Court permits Sahara to sell its assets to repay investors

| | Jul 12, 2016, at 05:20 am
#Sahara #Subrata Roy #SEBI #Supreme Court
New Delhi, July 11 (IBNS): The Supreme Court on Monday granted Sahara permission to sell any of its properties including those which have being given to SEBI for sell, with terms and condition.
"In that sense, we have a situation where the embargo upto certain extend has been lifted by the Hon’ble Supreme Court," an official statement from Sahara’s lawyer Gautam Awasthi said.
 
Apart from that the apex court also extended the temporary relief of Subrata Roy Sahara.
 
The court has directed SEBI to collect Sahara’s money from wherever they are laying which was mentioned in the application.
 
It said that it does not have any objection if the money raised by Sahara as a bridge loan in London may be bought to SEBI Sahara account. 
 
Sahara founder Subrata Roy was arrested in 2014, after his company failed to return back the money it generated from the market.

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.
Related Images
In images: PM Modi pays last respect to Manmohan Singh
In images: PM Modi pays last respect to Manmohan Singh Dec 27, 2024, at 12:52 pm
In images: PM Modi's visit to Kuwait
In images: PM Modi's visit to Kuwait Dec 23, 2024, at 03:42 pm
PM Modi addresses 'Ek Varsh-Parinaam Utkarsh' programme in Jaipur
PM Modi addresses 'Ek Varsh-Parinaam Utkarsh' programme in Jaipur Dec 17, 2024, at 07:13 pm
Related Videos
Celebrating 100 years of Raj Kapoor: PM Modi in conversation with Kapoor family Dec 13, 2024, at 03:14 pm