Supreme Court orders auction of Aamby Valley as Sahara fails to deposit Rs 5k crore

No Comments
  • Supreme Court on Monday ordered auction of its prime Aamby Valley township near Lonavala in Pune for failing to deposit Rs 5,000 crore of the Rs 14,000-crore due towards refund to investors.
  • In August 2012, the court had ordered group companies Sahara Real Estate and Sahara Housing to refund Rs 25,000 crore illegally raised through one-time fully convertible debentures from nearly three crore investors.

Quick Question for Bank PO/ IBPS Exams 2016-17:

Supreme Court has ordered auction for which property of Sahara Group for failing to deposit Rs 5,000 crore of the Rs 14,000-crore due towards refund to investors? 
 - Aamby Valley township near Lonavala in Pune. 

No Comments
error: Disabled by Admin!!!