March 13, 2026 04:59 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
America’s flip-flop on Russian oil: How Washington sends conflicting signals to India | Big diplomatic win! Iran allows Indian oil tankers through the Strait of Hormuz | ‘It was over in the first hour’: Trump declares victory in Iran war, says ‘nothing left to target’ | Indian-origin shopkeepers face targeted attacks in Wembley; Somali men suspected | Iran pulls out of 2026 FIFA World Cup amid war with US-Israel | Supreme Court allows first-ever passive euthanasia for 32-year-old man in coma for 13 years | As Iran-US war disrupts global gas supply, India issues guidelines to manage shortages | LPG crisis hits metros: Commercial cylinder shortage triggers panic as govt prioritises domestic supply | Iran war disrupts LPG supplies, restaurants in major Indian cities edge towards shutdown | ‘How dare you question judicial officers?’: SC raps Bengal SIR pleas, orders appellate tribunals for voter list appeals

SC allows Sahara to sell more property to raise money

| | Mar 23, 2015, at 11:49 pm
#SC allows Sahara to sell more property to raise money
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.

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: CEC Gyanesh Kumar offers prayers at Dakshineswar Temple in Kolkata
In Images: CEC Gyanesh Kumar offers prayers at Dakshineswar Temple in Kolkata Mar 10, 2026, at 01:22 pm
In Images: Prez Murmu attends the 9th International Santal Conference at Darjeeling
In Images: Prez Murmu attends the 9th International Santal Conference at Darjeeling Mar 08, 2026, at 02:47 am
In Images: Mamata Banerjee holds dharna in Kolkata over SIR issue
In Images: Mamata Banerjee holds dharna in Kolkata over SIR issue Mar 06, 2026, at 06:25 pm
Related Videos
Delhi civic body demolishes house linked to Holi murder case Mar 10, 2026, at 05:01 pm
Mamata Banerjee holds dharna over SIR in Kolkata Mar 06, 2026, at 03:41 pm
Fire at Dudhia in Kurseong Feb 26, 2026, at 03:54 pm