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    HomeAamby Valley

    Tag: Aamby Valley

    SC Directs Sahara Group to Deposit Rs 1,000 Crore, Allows Formation of JV for Developing Mumbai's Versova Land to Realize Rs 10,000 Crore
    Supreme Court

    SC Directs Sahara Group to Deposit Rs 1,000 Crore, Allows Formation of JV for Developing Mumbai’s Versova Land

    On Thursday(5th September),The Supreme Court directed Sahara Group to deposit Rs 1,000 crore into an escrow account within 15 days and permitted a joint venture to develop its Versova land, aiming to realize Rs 10,000 crore. This amount is required to be deposited into the SEBI-Sahara refund account to return investors’ money as per a 2012 court order.

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    By Joyeeta Roy
    6 September 2024, 11:44 AM6 September 2024, 11:44 AM
    [Sahara Fraud] SC Asks Sahara Group to Give list of Top Officials, Properties For Rs 10k Crore Refund To Investors
    [Sahara Fraud] SC Asks Sahara Group to Give list of Top Officials, Properties For Rs 10k Crore Refund To Investors
    Supreme Court

    [Sahara Fraud] Supreme Court Directs Sahara Group to Reveal List of Key Officials, Shareholders & Unencumbered Properties for Refund of Rs 10K Crore to Investors

    The Supreme Court instructed Sahara Group to disclose its leadership, shareholders, and unencumbered properties for a Rs 10,000 crore refund. The court emphasized the need for a practical solution to refund investors after over a decade. Noting Sahara’s failure to deposit the full amount, the court allowed property sales to meet the refund obligation.

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    By Minakshi Bindhani
    5 September 2024, 10:42 AM5 September 2024, 10:42 AM
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