Aamby Valley auction: Sahara's last shot to save its crown jewel

On Monday, the Supreme Court would decide the fate of the Rs 37,000-cr property

The Sahara group would get one last shot on Monday to save the jewel in its crown – the luxury hill city project Aamby Valley – from going under the hammer. A hearing of an application filed by the group last week in the Supreme Court is scheduled for Monday. In July, the court had set September 7 as the deadline for deposit of Rs 1,500 crore in the Sebi- Sahara refund account, failing which the auction process to sell off Aamby Valley, situated off the Pune-Mumbai highway, would commence.

Auction documents reviewed by Business Standard showed that the property