Last week, the Supreme Court ordered the auction of luxury township Aamby Valley to clear the dues owed by the Sahara group to the Securities and Exchange Board of India (Sebi). Though the Sebi and the Supreme Court had suggested the plan several times in the past, Sahara lawyers had tried to push other ways of repaying the money rather than do anything with the group’s crown jewel.
“The concept of Aamby Valley City has been the long-cherished aspiration of creating independent India's first planned hill city,” the Aamby Valley portal quotes Subrata Roy, managing worker, Sahara India Pariwar. “A