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SC grants Sahara time till May 15 to sell its property inside Aamby Valley

The sale of property has to be completed on or before May 15 and proceeds deposited in SEBI-Sahara refund account

Perturbed by Thursday's order, the CJI said there were hundreds of matters listed in the Supreme Court daily and if the orders were passed like this, then the SC cannot function
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Perturbed by Thursday’s order, the CJI said there were hundreds of matters listed in the Supreme Court daily and if the orders were passed like this, then the SC cannot function

Press Trust of India New Delhi
The Supreme Court on  Thursday allowed the Sahara Group to choose any parcel of its property in the Aamby Valley city project in Maharashtra and sell them by May 15 and deposit the proceeds with the SEBI-Sahara refund account.

A special bench headed by Chief Justice Dipak Misra made it clear that if the Sahara Group fails to sell its property by May 15, the Bombay High Court's official liquidator will proceed with the proposed auctioning process to sell the property.

It took note of the reports filed by the official liquidator and the court receiver appointed to maintain the