US EditionSahara Group Seeks Supreme Court Nod to Sell Iconic Properties
- Sahara India Commercial Corporation Ltd has requested the Supreme Court to allow the sale of properties, including Amby Valley and Sahara Shahar, to Adani Properties Private Limited as stated in their application dated September 6, 2025.
- The Supreme Court has scheduled a hearing for this plea on October 14, following a previous order that allocated Rs 5,000 crore to repay depositors of the Sahara Group of Cooperative Societies.
- SICCL noted difficulties in selling their assets due to poor market conditions and legal challenges, which have negatively affected buyer confidence.
- After the death of Subrata Roy in November 2023, SICCL aims to liquidate assets quickly to fulfill court orders and settle the group's liabilities.
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…
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