Supreme Court may appoint official to sell Sahara assets

New Delhi: There is no relief for Sahara chief Subrata Roy, languishing in jail since March 2014 as Sahara is unable to pay Rs 10,000 crore towards bail bond for his release.

He is in further trouble with the Supreme Court posting for final hearing on March 29 an application filed by Sebi for a direction to appoint a receiver to take over all the properties and sell them to recover the total outstanding dues of about Rs 36,000 crores.

A three-judge bench of Justices T.S. Thakur, Anil R. Dave and A.K. Sikri accepted the submission of senior counsel Arvind P. Datar that the application should be posted for final hearing as there is no progress in the payment by Sahara and not a penny has been paid to lakhs of investors, who trusted Sahara.