more-inThe Supreme Court on Wednesday allowed the Official Liquidator of the Bombay High Court permission to split the Sahara group's prized Aamby Valley property into “saleable parcels” and put it up for sale. A Special Bench of Chief Justice Dipak Misra, Justices Ranjan Gogoi and A.K. Meanwhile, the Bench was informed that two Indian companies — Mahindra Lifespace Developer and the Piramal Group — had shown interest in purchasing Sahara’s ₹34,000 crore worth Aamby Valley. The Bench directed the liquidator to sell movable and immovable properties in Aamby Valley in parcels in consultation with the two receivers, with the guidance of the company judge of the Bombay High Court. “Instead of selling in whole, sell it in parcels.

Source: The Hindu February 07, 2018 17:15 UTC