SC gives Sahara ‘final’ chance to raise money
New Delhi: The Supreme Court on Monday gave Sahara a “final and last opportunity” to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody.
The apex court bench of Justice T.S.Thakur, Justice Anil R. Dave and Justice A.K. Sikri also permitted Sahara to sell some other properties within the country to raise balance amount.
The court gave Sahara three months’ time to complete the transaction, including exploring other options available before it.