NEW DELHI: The Supreme Court today said if the Sahara Group fails to deposit Rs 5092.6 crore in SEBI-Sahara refund account by April 17 in pursuance of its order, it will be “compelled” to auction its property valued at Rs 39,000 crore at Aamby Valley in Pune.
A bench headed by Justice Dipak Misra told the group that no extension of time would be granted for depositing the amount as it had assured the court that it would pay the money by April 17.
“No extension of time shall be granted. Sahara Group must deposit the money on time otherwise Aamby Valley will be auctioned,” the bench told the counsel, who was representing the group.
The observation came when the lawyer mentioned an interim plea seeking extension of time for depositing the money in the SEBI-Sahara refund account.
The apex court also observed that it had clearly told the group that a “substantial amount” must come in the refund account. (AGENCIES)
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