{"id":44791,"date":"2016-04-23T14:28:12","date_gmt":"2016-04-23T08:58:12","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=44791"},"modified":"2016-05-11T17:42:46","modified_gmt":"2016-05-11T12:12:46","slug":"sebi-free-to-sell-properties-of-sahara-group","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/23\/sebi-free-to-sell-properties-of-sahara-group\/","title":{"rendered":"SEBI free to sell properties of Sahara Group"},"content":{"rendered":"

Supreme Court<\/strong>: The 3 judge bench comprising of T.S. 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 under the supervision of Justice B.N. Agrawal,former Judge of this Court. However, it was said that that SEBI shall not sell any property owned by Saharas for a price less than 90% of the circle rates for the area in question without the permission of this Court.<\/p>\n

The Court also said that SEBI shall keep Saharas duly informed about the steps taken by it in which event Sahara shall be free to provide such inputs as may be considered necessary so that the properties fetch a fair price towards sale consideration.<\/p>\n

Kapil Sibal had submitted that Saharas have already handed over title deeds in respect of 86 unencumbered properties owned by the Sahara Group worth more than Rs.20,000\/- crores. As per him, another list of properties has also been furnished to SEBI comprising properties worth an additional Rs.20,000\/- crores, however, Arvind Datar sought time to verify this fact. [SEBI v. SAHARA INDIA REAL ESTATE CORPN.LTD, 2016 SCC OnLine SC 343<\/a>,\u00a0<\/b>decided on 29.03.2016]<\/p>\n","protected":false},"excerpt":{"rendered":"

Supreme Court: The 3 judge bench comprising of T.S. Thakur, CJ and Anil R. Dave and Dr. A.K. Sikri, JJ directed that <\/p>\n","protected":false},"author":3,"featured_media":154914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[],"class_list":["post-44791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt"],"yoast_head":"\nSEBI free to sell properties of Sahara Group | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/04\/23\/sebi-free-to-sell-properties-of-sahara-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI free to sell properties of Sahara Group\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: The 3 judge bench comprising of T.S. 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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 "Case Briefs"","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":6492,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/25\/sahara-chief-denied-parole\/","url_meta":{"origin":44791,"position":1},"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. 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The 3-Judge Bench of Dipak Misra, Ranjan Gogoi and A.K.\u2026","rel":"","context":"In "Case Briefs"","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":104341,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/06\/sahara-matter-sebi-directed-to-attach-the-subrata-roys-aamby-valley-property\/","url_meta":{"origin":44791,"position":4},"title":"Sahara Matter: SEBI directed to attach the Subrata Roy’s Aamby Valley property","author":"Prachi Bhardwaj","date":"February 6, 2017","format":false,"excerpt":"Supreme Court: Allowing SEBI to attach the properties belonging to Sahara Group, the Court directed Sahara to file a list of properties that can be put to public auction by 27.02.2017. The 3-judge bench of Dipak Misra, Ranjan Gogoi and A.K. Sikri, JJ said that the properties suggested for public\u2026","rel":"","context":"In "Case Briefs"","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":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":44791,"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. 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