TMI Blog2016 (10) TMI 371X X X X Extracts X X X X X X X X Extracts X X X X ..... ct that Saharas shall reconcile the figures with SEBI and file a joint statement as to the amount already deposited. SEBI may also after giving credit of the amount so deposited indicate the balance amount towards principal and interest due on the same before the next date of hearing. We have in the past while extending the interim arrangement directed deposit of a certain amount towards the li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2012 - - - Dated:- 28-9-2016 - MR. ANIL R.DAVE AND MR. A.K.SIKRI, JJ. For The Petitioner : Mr. Shekhar Napahade, Sr.Adv. (A.C.), Mr. Arvind P.Datar, Sr. Adv., Mr. Pratap Venugopal, adv., Ms. Surkha Raman, adv., Mr. Anuj Sarma, Adv., Ms. Niharika, Adv., M/s. K. J. John Co.,Adv. For The Respondent : Mr. Kapil Sibal, Sr. Adv., Mr. Narendra Hooda, Sr. Adv., Mr. Gautam Awasthi,Adv., Mr. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, learned Amicus Curiae and Arvind Datar, learned senior counsel appearing for SEBI. Mr. Arvind Datar submits that out of eight properties offered for sale, six were already attached by the Income-tax Department. The result was that only two properties could be sold by SEBI for a total amount of ₹ 61.44/- crores which amount has been credited to the SEBI Sahara Refund Account. Regarding the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty in lump in which connection they are prepared to file a road-map/scheme within a period of one month. He submits that Saharas will support the scheme so filed by an undertaking that the balance amount recoverable from them shall be deposited in terms of the said scheme without fail. He prays for time till 24th October, 2016 to furnish the scheme/road-map proposed by him and submits that the int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the circumstances and keeping in view the fact that even SEBI and Amicus agree to a road map being examined by this Court for liquidation of the balance liability, we extend the interim arrangement already made till 24th October, 2016 on the condition that the Saharas/contemnors shall deposit with SEBI a further sum of ₹ 200/- crores (Rupees Two hundred Crores only) during the intervening p ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
