When Sibal said e-auction process will take a minimum of six months, the bench asked Datar, "Why six months or one year? When the court insisted that the SEBI should go for e-auctioning of these properties, Sibal said, "My request is that allow us to sell these as otherwise the properties would be undervalued. The bench then told Sibal, "Okay. There are open lands and it is very difficult to sell such properties without any development given the economic scenario. "We have sold 16 properties earlier and have brought Rs 12,000 crore on the table," he said.

Source: dna February 28, 2017 13:48 UTC