April 18, 2024 22:21 (IST)
Follow us:
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
Rahul Gandhi will be PM for next 20 years, southern states will benefit under his leadership: Revanth Reddy Thu, Apr 18 2024
AAP claims conspiracy to kill Arvind Kejriwal after mango eating row Thu, Apr 18 2024
'There has to be sanctity in electoral process': SC tells EC to ensure no one has apprehensions over VVPAT Thu, Apr 18 2024
'Diabetic Arvind Kejriwal eating mango and sweets in jail': ED on AAP's claim on Delhi CM's poor health Thu, Apr 18 2024
Bikini-clad woman boards Delhi bus, irks internet Thu, Apr 18 2024
'Pawan Bansal is with us': Rajeev Shukla amid mass resignations from Congress in Chandigarh Thu, Apr 18 2024
'Daydreaming': Ravi Shankar Prasad on Rahul Gandhi's claim that BJP won't cross 150 seats Thu, Apr 18 2024