December 25, 2025 11:37 pm (IST)
Follow us:
Supreme Court permits Sahara to sell its assets to repay investors
New Delhi, July 11 (IBNS): The Supreme Court on Monday granted Sahara permission to sell any of its properties including those which have being given to SEBI for sell, with terms and condition.
"In that sense, we have a situation where the embargo upto certain extend has been lifted by the Hon’ble Supreme Court," an official statement from Sahara’s lawyer Gautam Awasthi said.
Apart from that the apex court also extended the temporary relief of Subrata Roy Sahara.
The court has directed SEBI to collect Sahara’s money from wherever they are laying which was mentioned in the application.
It said that it does not have any objection if the money raised by Sahara as a bridge loan in London may be bought to SEBI Sahara account.
Sahara founder Subrata Roy was arrested in 2014, after his company failed to return back the money it generated from the market.
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
Thailand says Vishnu statue was removed for security reasons amid border dispute with Cambodia
Thu, Dec 25 2025
Endgame for Maoists in India? Ganesh Uikey killed in Odisha encounter, Devuji only top leader left
Thu, Dec 25 2025
Unnao rape survivor’s fight continues: CBI to move Supreme Court against Kuldeep Sengar’s relief
Thu, Dec 25 2025
Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed
Thu, Dec 25 2025