• Source:JND
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The Sahara Group has moved the Supreme Court seeking permission to sell 88 movable and immovable properties, including Aamby Valley in Maharashtra and Sahara City in Lucknow, to the Adani Group. The matter will be heard on October 14.

The application, filed by Sahara India Commercial Corporation Limited (SICCL), said the group has entered into a term sheet with Adani Properties Private Limited on September 6, 2025, outlining the conditions of the proposed sale.

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Aim To Clear Liabilities

In its plea, Sahara said the sale is essential to discharge its liabilities, comply with court directions and bring an end to ongoing contempt proceedings. The group highlighted that the Supreme Court had earlier directed it to deposit Rs 24,030 crore in the SEBI-Sahara refund account for repayment to depositors of Sahara cooperative societies. Of this amount, Sahara said it has already deposited Rs 16,000 crore.

The petition also pointed out that the Securities and Exchange Board of India (SEBI), despite hiring reputed property consultants, has been unable to sell Sahara’s assets. The group stressed that the funds already deposited were collected with great difficulty and through its own efforts.

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Impact Of Subrata Roy’s Death

Sahara told the court that after the death of its founder Subrata Roy in November 2023, the group lost its “sole decision-maker.” Family members, it added, were not involved in day-to-day management but are committed to protecting investor interests.

The plea said the group now intends to sell assets “at maximum value and without delay” in order to comply with the apex court’s directions.

Statement From Sahara

“This decision has been taken in the interest of all stakeholders, especially the investors of Sahara Group. We want to settle liabilities and bring an end to the contempt proceedings,” Sahara said in its statement.