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Posted at: May 17, 2018, 12:54 AM; last updated: May 17, 2018, 12:54 AM (IST)

SC: Auction of Aamby Valley to continue

New Delhi: The auction process for the Sahara group’s prime Aamby Valley properties would continue as it has failed to deposit Rs 750 crore in the SEBI-Sahara refund account, the Supreme Court held on Wednesday. A Bench of Chief Justice Dipak Misra and Justices Ranjan Gogoi and AK Sikri was informed by the counsel representing the official liquidator that the group has not deposited Rs 750 crore in the refund account. Senior advocate Vikas Singh, representing Sahara chief Subrata Roy and the group, also told the court that they have failed to sell a parcel of the Aamby Valley for depositing the money by May 15. PTI

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