The Supreme Court asks SEBI to sell Sahara property to realise the amount payable by Subrata Roy for his release from jail. For the interim bail of Roy the court had put conditions like depositing Rs 5,000 crore in cash and a bank guarantee of equal amount and tough terms including payment of the entire Rs 36,000 crore, which includes interest, in 18 months to a SEBI-Sahara account. The money will be paid back to the investors of Sahara. Roy is in jail since March 4, 2014 with two other directors of Sahara companies -- Ravi Shankar Dubey and Ashok Roy Choudhary. 

Last month, Sahara's counsel and senior advocate Kapil Sibal said the Group was in negotiation to sell its Mumbai hotel Sahara Star, company's 42 per cent share in Formula 1 and four aircraft.

Further, the Group said negotiations were underway to sell three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels.