{"id":110651,"date":"2017-02-28T23:01:30","date_gmt":"2017-02-28T17:31:30","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=110651"},"modified":"2017-03-09T13:21:55","modified_gmt":"2017-03-09T07:51:55","slug":"sahara-directed-to-sell-properties-worth-rs-5092-64-crores-and-deposit-the-amount-on-or-before-13-04-2017","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/28\/sahara-directed-to-sell-properties-worth-rs-5092-64-crores-and-deposit-the-amount-on-or-before-13-04-2017\/","title":{"rendered":"Sahara directed to sell properties worth Rs.5092.64 crores and deposit the amount on or before 13.04.2017"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Supreme Court<\/strong>: Taking note of the list of properties submitted by the Sahara Group of Companies in furtherance of the order dated <a href=\"http:\/\/blog.scconline.com\/post\/2017\/02\/06\/sahara-matter-sebi-directed-to-attach-the-subrata-roys-aamby-valley-property\/\">06.02.2017<\/a>, the Court directed Sahara to deposit Rs.5092.64 crores on or before 13.04.2017 in SEBI Sahara Refund Account.<\/p>\n<p style=\"text-align: justify;\">The 3-Judge Bench of Dipak Misra, Ranjan Gogoi and A.K. Sikri, JJ had earlier ordered that the properties suggested for public auction shall be free from any encumbrance, hence, two separate lists of properties free from encumbrances and properties with some encumbrances, were submitted before the Court. \u00a0The properties to be sold include Sahara Hospital, Lucknow, Sahara City Homes situated at various cities across the country apart from the lands owned by the contemnors.<\/p>\n<p style=\"text-align: justify;\">It was pleaded by Sahara that they need 6 months to sell the properties. The Court, however, refused to give 6 months to the contemnors and said that in case, the substantial amount is deposited by 13.04.2017, the Court may think of extending the time. The Court will next hear the matter on 17.04.2017. [SEBI v. SAHARA INDIA REAL ESTATE CORPN.LTD., <a href=\"http:\/\/www.scconline.com\/LoginForNewsLink\/UCYF3h0h\">2017 SCC OnLine SC 178<\/a>, order dated 28.02.2017]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supreme Court: Taking note of the list of properties submitted by the Sahara Group of Companies in furtherance of the order dated <\/p>\n","protected":false},"author":121,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[14461,2687,2563],"class_list":["post-110651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-contemp","tag-Sahara","tag-SEBI"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sahara directed to 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Thakur, CJ and Anil R. Dave and Dr. A.K. Sikri, JJ directed that SEBI shall be free to devise a suitable mechanism for sale of properties the title deeds whereof have already been deposited with it by Saharas in consultation and\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":88961,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/30\/sahara-to-deposit-rs-600-crores-before-feb-2017-failure-will-lead-subrata-roy-back-to-prison\/","url_meta":{"origin":110651,"position":1},"title":"Sahara to deposit Rs. 600 Crores before Feb, 2017; failure will lead Subrata Roy back to prison","author":"Prachi Bhardwaj","date":"November 30, 2016","format":false,"excerpt":"Supreme Court: The bench of T.S. Thakur, CJ and Ranjan Gogoi and Dr. A.K. Sikri, JJ directed the Saharas to deposit the amount of Rs. 600 Crores before the next date of hearing i.e. 06.02.2017. The Court made it clear that if the said amount is not deposited on the\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/DSC_5487.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":99301,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/13\/sahara-matter-date-to-deposit-rs-600-crores-not-extended-failure-will-lead-subrata-roy-back-to-prison\/","url_meta":{"origin":110651,"position":2},"title":"Sahara Matter: Date to deposit Rs. 600 Crores not extended; failure will lead Subrata Roy back to prison","author":"Prachi Bhardwaj","date":"January 13, 2017","format":false,"excerpt":"Supreme Court: Refusing to extend the deadline to deposit the amount of Rs. 600 Crores before 06.02.2017, the 3-judge bench of Dipak Misra, Ranjan Gogoi and Dr. A.K. Sikri, JJ reiterated that if the Sahara India Real Estate Corporation Ltd., does not deposit the amount, the contemnors including Subrata Roy\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6492,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/25\/sahara-chief-denied-parole\/","url_meta":{"origin":110651,"position":3},"title":"Sahara chief denied parole","author":"Sucheta","date":"July 25, 2014","format":false,"excerpt":"Supreme Court: Refusing to release Subrata Roy Sahara, the Sahara Chief, on parole, the 3-judge bench of TS Thakur, Anil R. Dave and Dr. A.K. Sikri, JJ said that there is no concrete proposal with Saharas for sale of the properties situated in India or abroad that may call for\u2026","rel":"","context":"In &quot;Supreme Court&quot;","block_context":{"text":"Supreme Court","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/supremecourt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6670,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/06\/20\/sahara-directed-to-deposit-rs-36-000-crores-within-18-months-of-subrata-roy-from-custody\/","url_meta":{"origin":110651,"position":4},"title":"Sahara directed to deposit Rs. 36, 000 crores within 18 months of Subrata Roy&#8217;s release from custody","author":"Sucheta","date":"June 20, 2015","format":false,"excerpt":"Supreme Court: Fastening the liability of approximately Rs. 36,000 crores on Sahara Group of Companies, the 3-judge bench of T.S. Thakur, A.R. Dave and Dr. A.K. Sikri, JJ held that the balance outstanding amount is to be deposited by the contemnors within 18 months of their release from the custody.\u2026","rel":"","context":"In &quot;Supreme Court&quot;","block_context":{"text":"Supreme Court","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/supremecourt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6453,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/06\/14\/restraint-on-sale-and-transfer-of-properties-of-sahara-group-lifted-and-matter-referred-to-three-judge-bench\/","url_meta":{"origin":110651,"position":5},"title":"Restraint on Sale and Transfer of Properties of Sahara Group lifted and matter referred to three-Judge Bench","author":"Sucheta","date":"June 14, 2014","format":false,"excerpt":"Supreme Court: \u00a0In the matter relating to Sahara group of companies, the bench of T.S. Thakur and Dr. A.K. Sikri, JJ declined the prayer for modification of the conditions for granting interim bail to the four directors and the prayer for shifting them to a guest house for further detention,\u2026","rel":"","context":"In &quot;Supreme Court&quot;","block_context":{"text":"Supreme Court","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/supremecourt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/110651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=110651"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/110651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=110651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=110651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=110651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}