SC orders attachment of Aamby Valley property in Sahara Case

On 12th January, 2017, this Court, after referring to the earlier order dated 28th November, 2016, dismissed the application for extension of time to deposit Rs.600 crores. Be it noted, on that day, it was submitted by Mr. Kapil Sibal, learned senior counsel appearing for the contemnors that they may be permitted to transfer thirty-five million pounds equivalent to Rs.285 crores (Rupees two hundred eighty-five crores only) lying in Saharas account in London bank. After hearing Mr. Arvind P. Datar, learned senior counsel for the SEBI and Mr. Rana Mukherjee, learned senior counsel appearing for ...