Bombay HC judges to facilitate auction of Aamby Valley: SC
By Team Legistify / 2017-11-24

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The Supreme Court today granted liberty to two Bombay High Court judges to adopt procedures to facilitate the auctioning of Sahara’s prized Aamby Valley properties and directed the Official Liquidator not to allow any obstruction in the process.

A three-judge bench, comprising Chief Justice Dipak Misra and Justices Ranjan Gogoi and A K Sikri, also warned Sahara Group chief Subrata Roy, facing contempt proceedings, that it may send him to jail again, following SEBI’s submission that there was confusion with regard to the title or ownership of some properties in the Aamby Valley.

Image courtesy - Free Press Journal

“Does the property belong to the contemnor,” the bench asked. On being told by SEBI that “some are on lease and some are sold”, it said “then we will send this man to jail and close the chapter”.


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