Supreme Court wants Sahara's Aamby Valley property auctioned

The top court had in 2012 asked Sahara to return the investors` money that Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd had raised in 2008 and 2009. 

Supreme Court wants Sahara's Aamby Valley property auctioned
Subrata Roy Sahara to be personally present in the court on April 27. Photo: IANS
Written By: IANS
Updated: Mon, Apr 17, 2017
04:04 pm
New Delhi, IANS
RELATED NEWS
Sahara-Sebi case: Two Sahara group firms move SC, file contempt plea against market regulator Sahara-Sebi case: Two Sahara group firms move SC, file contempt plea against market regulator
Sebi wants Sahara Group chief Subrata Roy to pay $8.43 bn, says cancel parole if tycoon fails to pay; petition filed with SC Sebi wants Sahara Group chief Subrata Roy to pay $8.43 bn, says cancel parole if tycoon fails to pay; petition filed with SC
Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered Big setback for Subrata Roy led Sahara over Rs 14,000 cr case; what Sebi ordered

The Supreme Court on Monday asked the official liquidator of the Bombay High Court to auction the Aamby Valley property of the Sahara group to recover the money it has to pay to market regulator SEBI to be returned to investors.

Directing Subrata Roy Sahara to be personally present in the court on April 27, Justice Dipak Misra, Justice Ranjan Gogoi and Justice A.K. Sikri demanded to know why the money had not been paid so far.

The top court had in 2012 asked Sahara to return the investors` money that Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd had raised in 2008 and 2009. 

ALSO READ: Will auction Aamby Valley if money not deposited: SC to Sahara

Asking Roy to be present in the court on April 27, the bench said: "Now we are tired. We have heard a lot."

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.