The Supreme Court today took the solid special case to the Sahara group composing a letter to the Pune police raising the issue of lawfulness at its Aamby Valley property, which is experiencing a court-ordered auction process.
Observing SEBI’s charge in such manner, a bench headed by Justice Dipak Misra said the group ought not have gone into a correspondence with Pune’s Superintendent of the Police (Rural) on the issue since the closeout has been requested by the top court.
The bench, additionally including Justices Ranjan Gogoi and A K Sikri, coordinated the Director General of Police, Maharashtra to see that the property is given over to the official liquidator of the Bombay High Court in 48 hours.
“On the off chance that any obstruction is caused in the auction procedure by anybody, he should be at risk of contempt of court and sent to imprison,” the bench said.
The peak court requested the official liquidator to proceed with the unloading procedure under the immediate supervision of the organization judge.
The bench additionally said the official liquidator should take direction from Justice A S Oka, sitting judge of the Bombay High Court, in the issue.
At the start, senior promoter Arvind Datar, showing up for the SEBI, alluded to the correspondence routed to the SP of police and guaranteed that because of this, the police has assumed control over the care of the property.
Senior backer Mukul Rohatgi, speaking to the Sahara group, countered the accommodation and said the authority of the property has not been given over to the police and “completely wrong articulations are being made to prejudice the court.”
The bench, be that as it may, illuminated that they were not starting any disdain activity at this stage.
The Supreme court was hearing SEBI’s request looking for disdain activities against the Sahara group for professedly deterring the Auction procedure of Aamby Valley.