'Begin Sahara auction'
November 23, 2017  16:35
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The Supreme Court today directed official Receiver of the Bombay High Court to help the Liquidator in getting the Sahara Group's Aamby Valley property auctioned.


A bench comprising Chief Justice Dipak Misra and Justices Ranjan Gogoi and A K Sikri also asked the official liquidator of the Bombay High Court to take the help of the Receiver and ensure that the Aamby Valley properties are auctioned.


"We want the property to be auctioned. Till then, we will appoint the receiver of the Bombay High Court to help in auctioning, till it is complete," the bench said. It also directed the official liquidator, who has been entrusted with the task of conducting the auction, to take instructions from the company judge or the Bombay High Court.


The Sahara Group had earlier sought 18 months to repay around Rs 9,000 crore balance of the principal amount of Rs 24,000 crore. -- PTI
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