US EditionSahara Group Seeks Supreme Court Nod to Sell Iconic Properties
- Sahara India Commercial Corporation Ltd has sought permission from the Supreme Court to sell properties, including Amby Valley and Shahara Saher, to Adani Properties Private Limited.
- The application was filed through advocate Gautam Awasthi and requests the sale based on terms dated September 6, 2025.
- SICCL reported difficulties in liquidating assets, stating they have realized approximately ₹16,000 crore from the total principal of ₹24,030 crore.
- The Sahara Group aims to liquidate assets to satisfy claims of stakeholders and comply with Supreme Court orders.
12 Articles
12 Articles
Sahara seeks Supreme Court nod to sell 88 properties to Adani Properties
Sahara Group has sought Supreme Court approval to sell 88 properties, including Aamby Valley City, to Adani Properties. This strategic move aims to discharge its financial obligations towards investors and fulfill court directives. The group seeks an expedited, single-block sale to maximize value and settle all stakeholder dues following Subrata Roy's demise.
Sahara Group Seeks Supreme Court Nod to Sell Iconic Properties
Sahara Group Seeks Supreme Court Nod to Sell Iconic Properties The Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court seeking authorization to sell significant properties like Amby Valley and Shahara Saher to Adani Properties Private Limited.The plea, slated for a hearing, underscores the need to liquidate assets after the Sahara Group chief's passing, as family members previously uninvolved attempt to uphold invest…
Coverage Details
Bias Distribution
- 57% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
