The Supreme Court, on Tuesday, sought responses from the Centre, the Securities and Exchange Board of India (SEBI) and other stakeholders on a plea filed by Sahara India Commercial Corporation Ltd (SICCL), seeking permission to sell 88 properties to Adani Properties Pvt Ltd.
A Special Bench of Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh heard the plea, which is part of the long-pending matters concerning the Sahara Group’s refund obligations.
Acting on the submissions of Solicitor General Tushar Mehta, the court directed that the Ministries of Finance and Cooperation be made parties to the proceedings and submit their responses by November 17. The Bench said the views of all parties with potential claims over the listed properties must be taken into account before any