April 04, 2025 08:17 am (IST)
Follow us:
SC rejects Subrata Roy's plea for more time to deposit Rs 966.80 crore
New Delhi, Sept 11 (IBNS): The Supreme Court on Monday rejected Sahara India's Chief Subrata Roy's petition for more time to deposit remaining Rs 966.80 crore out of Rs 1500 crore by Nov 11, media reports said.
The apex court has said that an extension of deadline will lead to 'travesty of justice'.
In fact, the court allowed the official liquidator to prepare for the scheduled auction of Sahara's Aamby Valley project.
The Sahara group has been engaged in a legal battle with SEBI since long for failing to refund billions of dollars to investors in a bond programme.
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
8 die after inhaling toxic gas following a well-cleaning exercise in Madhya Pradesh's Kondawat village
Thu, Apr 03 2025
London-Mumbai Virgin Atlantic flight diverted to Turkey, passengers stranded for over 30 hours
Thu, Apr 03 2025
Thailand govt releases iStamp depicting Ramakien mural paintings to mark PM Modi's Bangkok visit
Thu, Apr 03 2025
'Millions of dedicated Indian Muslims shocked': 2 JDU leaders quit party over support to Waqf Amendment Bill
Thu, Apr 03 2025
Rajya Sabha MPs must exercise conscience for voting: Naveen Patnaik's party eases Opposition to Waqf Bill
Thu, Apr 03 2025