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Supreme Court asks for auction of Sahara group's Aamby Valley

Supreme Court asks for auction of Sahara group's Aamby Valley

| | 17 Apr 2017, 11:16 pm
New Delhi, Apr 17 (IBNS): The Supreme Court asked for an auction of Sahara group's 8,900-acre Aamby Valley City which is situated near Pune, following the group's chief Subrata Roy's failure to repay Rs. 5092.60 to the investors, according to media reports on Monday.

A bench in the apex court headed by Justice Dipak Misra asked Roy to appear before the court on Apr 27 and said, "We can give enough indulgence. If you can't pay, go to jail."

Subrata Roy, chief of Sahara Group, was arrested in 2014 over the failure of its two group companies to return 24,000 rupees to its investors, which was a court order.

Roy was also warned earlier in this month and asked to repay the certain amount of money, failing which he would have to go to jail.

 

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