Today, on October 14, Supreme Court sought response from the Union Government and SEBI on Sahara India Commercial Corporation’s plan to sell 88 properties, including Amby Valley and Sahara Seher, to Adani Properties. Hearing listed for November 17.
Supreme Court will hear Sahara India’s plea on Tuesday seeking approval to sell Amby Valley in Maharashtra and Shahara Saher in Lucknow to Adani Properties. Another plea on releasing Sahara Communications employees’ salaries withheld since 2014 will also be heard.
Sahara India Commercial Corporation has sought Supreme Court approval to sell 88 properties, including Amby Valley and Sahara Saher, to Adani Properties. The group says the move will help repay investors and settle pending liabilities.
