March 28, 2026 09:49 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Feeling blessed’: PM Modi attends Surya Tilak ceremony at Ayodhya Ram Temple virtually | ‘No lockdown’: Union Minister Hardeep Singh Puri dismisses rumours, assures preparedness amid West Asia tensions | Middle East crisis: Govt cuts excise duty by Rs 10 on petrol and diesel, giving big relief amid global oil shock | ‘Big boost for NCR connectivity’: PM Modi to inaugurate Noida International Airport Phase 1 tomorrow | HDFC chairman Atanu Chakraborty resigned over power struggle with CEO Sashidhar Jagdishan: Report | PM Modi to chair meeting with CMs tomorrow amid West Asia conflict | ‘I said, no thanks’: Trump claims Iran offered him Supreme Leader role | Iran allows India, four other ‘friendly nations’ access to Strait of Hormuz amid West Asia conflict | 13 killed as bus, lorry collide and catch fire in Andhra Pradesh | Mamata unveils TMC candidate list for Bengal polls; to face Suvendu in Bhabanipur

SC allows Sahara to sell more property to raise money

| | Mar 23, 2015, at 11:49 pm
New Delhi, Mar 23(IBNS) The Supreme Court on Monday gave Subrata Roy's Sahara a final chance to raise Rs 10,000 crore by selling or mortgaging it assets to evade a receiver to sell off the property.
The apex court  has given Sahara a 90-day deadline to submit a final proposal for raising cash.
 
The next hearing will be held on  August 1.
 
The court says if  Sahara fails to raise the cash "it will be left with no option but to appoint a receiver for selling your properties".
 
The Supreme Court has also allowed  Roy to use a high-tech office in Tihar jail premises for negotiations and wrapping up a deal.
 
Sahara has also been allowed to sell 10 more properties across India to raise more money .
 
The Sahara chief has been in jail for more than a year for failing to refund billions of dollars to investors in a bond programme.
 
His company has made  several, failed attempts to raise the money to free  him on bail.
#SC allows Sahara to sell more property to raise money

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 joins Surya Tilak ceremony at Ayodhya Ram Temple virtually
In Images: PM Modi joins Surya Tilak ceremony at Ayodhya Ram Temple virtually Mar 27, 2026, at 04:23 pm
In Images: TMC’s wall paintings turn Bengal streets into election battleground
In Images: TMC’s wall paintings turn Bengal streets into election battleground Mar 27, 2026, at 02:40 pm
In Images: Bengal CM Mamata Banerjee addresses public rally in Moynaguri
In Images: Bengal CM Mamata Banerjee addresses public rally in Moynaguri Mar 26, 2026, at 05:48 pm
Related Videos
Mamata Banerjee announces TMC candidate list for Bengal polls Mar 17, 2026, at 05:33 pm
PM Modi's rally in Kolkata Mar 14, 2026, at 05:57 pm
Chilika’s 150-Year-Old Panchu Dola Melana Brings Villages Together Mar 13, 2026, at 10:16 am