https://www.taxtmi.com/caselaws?id=250466 The Supreme Court partially modified its orders to allow Sahara India Real Estate Corporation Limited and Sahara Housing Investment Corporation Limited to deposit the maturity value/sale consideration of financial instruments with SEBI. The court permitted the sale of properties within India to meet bail requirements and allowed charging immovable property to furnish a bank guarantee. Permission to sell offshore properties was granted, subject to conditions on sale price and depositing proceeds with SEBI. Requests for temporary release on parole were dismissed. The court clarified that property sales should not be less than the estimated value with a maximum 5% reduction. en-us Tue, 22 Jul 2014 00:00:00 +0530 Wed, 13 Aug 2014 14:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250466 The Supreme Court partially modified its orders to allow Sahara India Real Estate Corporation Limited and Sahara Housing Investment Corporation Limited to deposit the maturity value/sale consideration of financial instruments with SEBI. The court permitted the sale of properties within India to meet bail requirements and allowed charging immovable property to furnish a bank guarantee. Permission to sell offshore properties was granted, subject to conditions on sale price and depositing proceeds with SEBI. Requests for temporary release on parole were dismissed. The court clarified that property sales should not be less than the estimated value with a maximum 5% reduction. Case-Laws Companies Law Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250466