Two key developments have taken place in quick succession this week. In a blow to the Sahara group, the Supreme Court on Monday ordered auction of its prime Aamby Valley township near Lonavala in Pune to recover the dues owed by the Sahara Group to the Securities and Exchange Board of India (Sebi). The dues estimate to be over Rs 47,000 crore, including interest. Of this amount, the group has so far paid back Rs 11,477 crore. A top court bench headed by Justice Dipak Misra also directed Roy to appear in court on April 27.
A day later,
A day later,