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  Business   In Other News  10 Aug 2017  Sahara Boss petitions to stop auction

Sahara Boss petitions to stop auction

PTI
Published : Aug 10, 2017, 3:53 am IST
Updated : Aug 10, 2017, 3:53 am IST

A special bench which has been dealing with the matter relating to the Sebi-Sahara payment dispute, comprises Misra, Gogo.

Sahara chief Subrata Roy
 Sahara chief Subrata Roy

New Delhi: Sahara chief Subrata Roy on Wednesday moved the Supreme Court seeking to put a hold on the auction process to sell the group’s Rs 34,000-crore worth Aamby Valley property by the official liquidator of the Bombay High Court.

A bench, headed by Justice Dipak Misra, considered the fresh interim plea, mentioned by senior advocates Kapil Sibal and Mukul Rohatgi for an urgent hearing, and said that he would consult Justices Ranjan Gogoi and A.K. Sikri and then fix a hearing date.

A special bench which has been dealing with the matter relating to the Sebi-Sahara payment dispute, comprises  Misra, Gogoi and Sikri are part of the senior counsel, representing the group, said the auctioning process for the Aamby Valley property in Pune district of Maharashtra be put on hold as the group has a payment plan to offer.

Tags: subrata roy, bombay high court
Location: India, Delhi, New Delhi