Supreme Court threatens to jail ‘anybody’ for interference

| | New Delhi

The Supreme Court on Thursday took serious exception to Sahara chief Subrata Roy's interference in the auction process of his prime estate Aamby Valley, the auction of which got stalled after Roy's letter to police authorities in Pune warned of a law and order situation ahead of a possible lockdown forcing police to seize control of the premises.

The Securities Exchange Board of India (SEBI) conducting the auction brought the matter to the Supreme Court which ordered auction. It filed a contempt petition against Roy for writing a letter to Superintendent of Police (Pune) which proved to be an obstacle in the auction process. SEBI counsel Arvind Datar informed the Court that as on date, no buyer had come forth to participate in the auction.

On reading the contents of the letter, the Bench headed by Chief Justice Dipak Misra told Roy's counsel senior advocate Mukul Rohatgi, "You should not have written the letter," refusing to give Rohatgi a hearing despite his several requests. The Court ordered the police to evacuate the premises within 48 hours and directed the official liquidator of the Bombay High Court to restart the auction under the supervision of the Company Court judge and a sitting Bombay High Court judge.

The Bench threatened jail for anybody who interfered with the auction process. and posted the matter for hearing on November 23. 



Sunday Edition

View All

Business Corner

18 Mar 2018 | PNS

AAI conducts international workshop for utilizing GAGAN In keeping with the Prime Minister’s objective of using technology as a means of development and co-operation, Airports Authority of India has now offered GPS-aided Geo Augmented Navigation (GAGAN) to SAARC and Southeast Asian countries in order to allow them to reap the significant benefits that accrue from such an advanced navigation system. AAI conducted a two-day workshop on March 15 and 16, 2018...

Read More


View All

Previous Govts indulged in business of illegally acquiring lands: CM

18 Mar 2018 | PNS | Chandigarh

Haryana Chief Minister Manohar Lal on Saturday said that the previous governments indulged in the business of illegally acquiring lands with ulterior motives and with the intent of having their own cut. “This was done not only in Rohtak but in the entire state...

Read More

Page generated in 0.2905 seconds.