Big Setback For Sahara, Supreme Court Orders Auction Of Aamby Valley

The Supreme Court on Monday ordered auction of Sahara's Aamby Valley project after the group failed to make payment to market regulator Sebi. The 8,900-acre Aamby Valley project near Lonavla, Maharashtra is one of the flagship projects of the Sahara group. The Supreme Court had earlier this month said that if the Sahara group failed to deposit Rs 5,092 crore by April 17, it will be "compelled" to auction its Rs 34,000-crore Aamby Val...