Saharas plea to promote Aamby Valley, different properties to Adani tentatively set for October 14 Supreme Court listening to

The Supreme Court is tentatively scheduled on October 14 to listen to a plea by Sahara India Commercial Corporation Ltd (SICCL) for permission to promote numerous properties, together with Aamby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Pvt Ltd.

When the plea was talked about earlier within the day, Chief Justice B.R. Gavai stated a separate Bench of three judges must be shaped to listen to the plea.

“The utility has been filed by Sahara India Commercial Corporation Limited searching for permission of the Supreme Court to outright promote numerous properties belonging to the Sahara Group to Adani Properties Private Limited for the consideration and on the phrases and situations as set out within the time period sheet dated September 6, 2025,” the applying, filed by way of advocate Gautam Awasthi, for SICCL, stated.

The utility has been filed in a pending case linked to the Sahara group. SICCL stated it and Sahara Group had nice problem liquidating sure of their movable and immovable belongings. The proceeds had been deposited into the SEBI – Sahara Refund Account.

“Out of a complete principal quantity of ₹24,030 crore, the Sahara Group, by means of sale/liquidation of their movable and immovable belongings have realised an quantity of roughly ₹16,000 crore and deposited the identical within the SEBI – Sahara Refund Account,” the applying stated.

SICCL has argued it could “not be misplaced to say that, as may be seen from the earlier orders handed by the Supreme Court that although the Securities and Exchange Board of India (SEBI) had tried on a number of events to promote/liquidate the belongings of the Sahara Group (together with by way of participating reputed property brokerage firms and consultants), it was in the end unable to liquidate any belongings of the Sahara Group. The entirety of the funds deposited within the SEBI – Sahara Refund Account have been deposited by way of the only efforts of and with nice problem by SICCL and the Sahara Group”.

The SICCL has stated the choice to promote was taken within the curiosity of stakeholders, together with buyers, with a view to fulfill their claims. It stated nice efforts had been made to liquidate moveable and immovable belongings with a view to deposit the proceeds into the SEBI-Sahara Refund Account.

“The Sahara Group has determined that the belongings of the Sahara Group be liquidated on the most worth and in an expeditious method to fulfill the orders handed by the Supreme Court, to discharge the liabilities of the Sahara Group and put a detailed to the current contempt proceedings,” the applying stated.