SC orders attachment of Sahara’s Aamby Valley property worth Rs 39,000 cr

The Supreme Court on Monday ordered the attachment of Sahara group properties in Aamby Valley (near Pune), estimated to be worth Rs 39,000 crore, to secure sums due to the Securities and Exchange Board of India (Sebi).

A bench of Dipak Misra, Ranjan Gogoi and A K Sikri ordered the group to give a list of properties “without any encumbrance” that could be auctioned to recover the principal sum due to Sebi — Rs 14,000 crore. Sebi says total dues, with interest, exceeds Rs 47,000 crore.

Of this, the group has remitted Rs 11,477 crore, Sebi counsel Pratap Venugopal informed the court.