{"id":6453,"date":"2014-06-14T10:06:00","date_gmt":"2014-06-14T10:06:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=6453"},"modified":"2015-10-29T12:21:42","modified_gmt":"2015-10-29T06:51:42","slug":"restraint-on-sale-and-transfer-of-properties-of-sahara-group-lifted-and-matter-referred-to-three-judge-bench","status":"publish","type":"post","link":"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\/","title":{"rendered":"Restraint on Sale and Transfer of Properties of Sahara Group lifted and matter referred to three-Judge Bench"},"content":{"rendered":"

Supreme Court: <\/b>\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, on account that they had tried to adopt dilatory tactics and avoided to comply with the orders passed by the Court. However, the order passed by the Court regarding the restraint on sale and transfer of moveable and immoveable properties was modified to the extent that the maturity value of the fixed deposits, bonds and securities held by Sahara Group is to be deposited to the designated SEBI bank account and the immovable properties are to be sold to any party not related to the Sahara group, at price not less than the circle rates fixed for the area in which such properties are situated. Also, the Court referred the further proceedings to a three-Judge bench to be constituted by the Chief Justice of India keeping in view the importance of issues of the case and the fact that a three-judge bench order was sought to be enforced in the matter. (SEBI v. Sahara India Real Estate Corporation, <\/i>I.A. NOs. 101-103, decided on 4 June, 2014)<\/i><\/p>\n

To read the full judgment, click here<\/a><\/i><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Supreme Court: \u00a0In the matter relating to Sahara group of companies, the bench of T.S. Thakur and Dr. A.K. Sikri, JJ declined <\/p>\n","protected":false},"author":3,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[2563],"class_list":["post-6453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-supremecourt","tag-SEBI"],"yoast_head":"\nRestraint on Sale and Transfer of Properties of Sahara Group lifted and matter referred to three-Judge Bench | 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\/2014\/06\/14\/restraint-on-sale-and-transfer-of-properties-of-sahara-group-lifted-and-matter-referred-to-three-judge-bench\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Restraint on Sale and Transfer of Properties of Sahara Group lifted and matter referred to three-Judge Bench\" \/>\n<meta property=\"og:description\" content=\"Supreme Court: \u00a0In the matter relating to Sahara group of companies, the bench of T.S. 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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 "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":110651,"url":"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\/","url_meta":{"origin":6453,"position":1},"title":"Sahara directed to sell properties worth Rs.5092.64 crores and deposit the amount on or before 13.04.2017","author":"Prachi Bhardwaj","date":"February 28, 2017","format":false,"excerpt":"Supreme Court: Taking note of the list of properties submitted by the Sahara Group of Companies in furtherance of the order dated 06.02.2017, the Court directed Sahara to deposit Rs.5092.64 crores on or before 13.04.2017 in SEBI Sahara Refund Account. 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":6453,"position":2},"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":6492,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/25\/sahara-chief-denied-parole\/","url_meta":{"origin":6453,"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 "Supreme Court"","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":144681,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/07\/25\/sahara-matter-deposit-rs-1500-cr-by-september-7-or-the-aamby-valley-property-will-be-auctioned\/","url_meta":{"origin":6453,"position":4},"title":"Sahara Matter: Deposit Rs. 1500 Cr by September 7 or the Aamby Valley property will be auctioned","author":"Prachi Bhardwaj","date":"July 25, 2017","format":false,"excerpt":"Supreme Court: The bench of Dipak Misra, Ranjan Gogoi and Dr. A.K. Sikri , JJ told the Sahara Group of Companies and it's head Subrata Roy that it will order the commencement of the Aamby Valley auction process of Rs. 1500 Crores are not deposited with the SEBI by 07.09.2017.\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"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":6298,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/08\/02\/sahara-chief-to-stay-in-tihar-jail-s-conference-room-for-10-days\/","url_meta":{"origin":6453,"position":5},"title":"Sahara chief to stay in Tihar Jail\u2019s conference room for 10 days","author":"Sucheta","date":"August 2, 2014","format":false,"excerpt":"Supreme Court: The 3-judge bench of TS Thakur, AR Dave and Dr. AK Sikri, JJ has, for a period of 10 working days commencing from 05.08.2014, with no intention to constitute a precedent, allowed Subrata Roy Sahara, the Sahara Group of Companies Chief to shift to the Conference room of\u2026","rel":"","context":"In "Supreme Court"","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\/6453","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=6453"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/7321"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=6453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=6453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=6453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}