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July 17, Tuesday 2018 1:39 AM       

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       INDIA Next Article: Will make provisions to hang rapists of minor girls, says Rawat  
       Sahara SEBI Case: Aamby valley auction fails, two buyers offer to buy properties
 
         Posted on :22:09:02 Jul 12, 2018
   
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       Last edited on:22:09:02 Jul 12, 2018
         Tags: Sahara SEBI Case, Aamby valley auction, two b
 
New Delhi: The Securities and Exchange Board of India (SEBI) on Thursday informed the Supreme Court that the auction of Sahara's Aamby valley property has once again failed, as they did not receive any bid for it.
 
However, two companies - Sai Rydam Realtors, Prime Downtown Real Estate - are willing to buy the land owned by Sahara at Vasai in Mumbai, the SEBI added.
 
The two companies have been asked to deposit a total of Rs. 982 crores to buy Sahara's three-acre land.
 
The two buyers deposited around Rs 100 crores today. They have been asked to deposit Rs 200 crores by July 24 and another Rs 200 crores by August 15. The remaining amount has to be deposited by September 12.
 
The court has finalised September 12 for the next hearing in the matter.
 
Earlier in February, the top court allowed the official liquidator and receiver in the SEBI-Sahara case to auction the saleable property of Aamby Valley till April 19 in order to complete the auction process.
 
The Sahara Group has been embroiled in a lengthy court battle with the SEBI, over a case involving Rs 24,000-crore refund to investors.
 
In October last year, the SEBI moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court's direction. 
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       INDIA
Next Article: Will make provisions to hang rapists of minor girls, says Rawat
 
 
INDIA HEADLINES
Tent collapses during PM's Midnapore rally, 20 injured  
Rahul writes to PM for passage of Women's Reservation Bill  
Fresh batch of pilgrims leave for Amarnath shrine  
Petrol and diesel prices set to break all-time high levels  
Temples aren't going to create jobs for tomorrow, says Sam Pitroda  
Delhi Air hostess commits suicide, family alleges dowry harassment  
BJP too has contributed to delay in projects: Mayawati hits back  
Political activist held for threatening NCP MLA  
Goyal wants businessmen to blow whistle on tax evasion  
Body of security guard found inside water tank in Delhi  
Lt Governor pitches for promoting football in Puducherry  
Child marriage stopped in UP after police intervention  
Sensex, Nifty turn choppy on weak Asian cues  
Shedding crocodile tears now without doing anything when in power, says Modi  
Lord Jagannath's chariot reaches Gundicha temple today  
Woman 'gang-raped & burnt alive' by five in Sambhal  
NGT plans to hear cases using video-conferencing  
Woman lawyer raped by senior advocate in South Delhi  
Technology generating more jobs: Prasad  
Youth crushed to death by a falling tree in TN  
India, Pak to be part of anti-terror SCO drill in Russia next month  
Centre, Lt Guv creating hurdles: Pondy CM  
I am unhappy, swallowing pain of coalition govt, says Kumaraswamy  
Nearly 3,000 pilgrims leave Jammu for Amarnath cave shrine  
BJP aims to field celebrities as 2019 election candidates  
 
Is there anything wrong if Congress observes Ramayana month?
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