We are thankful to the Hon’ble Court for giving us permission to raise
funds via mortgage and sale of certain properties. Looking at the magnitude of
the transactions involved, the Hon’ble Court has allowed us 90 days time to
work from the conference room within Tihar Jail court premises, extending the
facilities of video conferencing and meeting with various parties.
Apart from the mortgage of the three foreign properties, court has also
allowed sale of ten domestic properties and a land parcel of Aamby Valley City.
We are in a very advanced stage with many parties and shall execute these deals
at the earliest. We have already deposited nearly Rs.4, 000/- crores in the
‘Sahara-SEBI Account’ and we shall be very shortly depositing the remaining
amount along with the Bank Guarantee.
Sahara Counsel
Ayush Chaudhary & Abhinav Mani Tripathi
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