NEW DELHI:
The money could help the Sahara group to adhere to a 2012 Supreme Court order on refunds; it is currently facing contempt proceedings after defaulting on the order that mandated the refund of around ₹25,000 crore to depositors.
Taking up the matter four months after the top court on September 5, 2024 gave time to the Sahara group to enter into joint ventures to discharge its liability, a bench headed by chief justice of India (CJI) Sanjiv Khanna was cautious in going ahead with Sahara's proposal seeking permission to ink the development agreement (DA) with Oberoi Realty for its Versova property of about 106 acres.
It sought the assistance of Sebi as well as senior advocate Shekhar Naphade assisting the court as amicus curiae along with advocate Fauzia Shakil to first examine the proposal.
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Denne historien er fra January 09, 2025-utgaven av Hindustan Times Lucknow.
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