Archive · 17 Nov 2025
Sahara-Adani Property Sale: Supreme Court Grants Govt More Time
The Supreme Court is delaying a decision on whether Sahara can sell many of its properties to a company called Adani.
Sahara wants to sell these properties, which include famous places like Aamby Valley and Hotel Sahara Star, to raise money to pay back people they owe money to, especially investors.
The government asked for more time to think about Sahara's request because they need to consider the involvement of many cooperative groups that have connections with Sahara.
A helper for the court, called an amicus curiae, also told the judges that Sahara has properties that people are claiming, which Sahara hasn't listed.
The court is also looking at a long-standing case about Sahara needing to repay over ₹24,000 crore from more than a decade ago.
So far, Sahara has paid back about ₹16,000 crore, but there's still a significant amount left.
The Supreme Court granted the Union government more time to respond to Sahara's plea to sell 88 properties to Adani Properties.
The hearing was adjourned for six weeks on Monday.
The government also requested to be made a party to the case due to the involvement of cooperative societies and depositors.
The amicus curiae continues to receive claims over undisclosed Sahara properties and suggested publishing an asset list.
The sale is part of Sahara's efforts to repay over ₹24,000 crore raised through illegal debentures, with approximately ₹9,000 crore still outstanding.
- Who
- Supreme Court, Sahara India Commercial Corporation Ltd (SICCL), Adani Properties Pvt. Ltd, Union government (Centre), Ministry of Finance, Ministry of Cooperation, Amicus Curiae Shekhar Naphade, SEBI
- What
- The Supreme Court deferred a hearing on Sahara's plea to sell 88 properties to Adani Properties by six weeks, as the Centre sought more time to respond to Sahara's application and the amicus curiae's note on property claims.
- When
- The hearing was adjourned for six weeks on Monday.
- Where
- Supreme Court of India
- Why
- The Centre requested more time to respond to Sahara's application and the amicus curiae's note detailing objections and undisclosed claims on properties. The government's involvement was also requested due to the connection with cooperative societies.
Sahara Group
Amicus Curiae & Government
Need for Property Sale
Sahara Group
Sahara argues that Sebi has failed to sell most of its attached properties and that the group's ability to manage assets has diminished since the founder's death. They seek court permission to sell properties to Adani Properties to raise funds for liabilities.
Amicus Curiae & Government
The government seeks more time to respond to Sahara's plea. The amicus curiae continues to receive claims over undisclosed properties, suggesting a need for caution and thoroughness in any asset disposal.
Disclosure and Claims on Properties
Sahara Group
Sahara has signed a term sheet with Adani Properties for the sale of 88 assets. They stated that proceeds would be deposited in the Sebi-Sahara Refund Account.
Amicus Curiae & Government
The amicus curiae has received claims for properties not disclosed by Sahara and suggests the company should publish a comprehensive list of its assets. The government's involvement is requested due to the link with cooperative societies and depositors.
- Court
- Supreme Court of India
- Hearing Date
- Adjourned for six weeks
- Sahara's Plea
- Permission to sell 88 properties to Adani Properties for approximately ₹12,000 crore.
- Sahara's Goal
- To raise funds for repaying debts and liabilities, including to investors of Optionally Fully Convertible Debentures (OFCDs).
- Government's Request
- More time to file a response and to be impleaded as a party due to involvement of cooperative societies.
- Amicus Curiae's Findings
- Receiving claims for undisclosed Sahara properties; suggests publishing an asset list.
- Outstanding Amount
- Approximately ₹9,000 crore still outstanding from the original ₹24,000 crore ordered repayment, according to SEBI.
- Deposited Amount
- Around ₹16,000 crore deposited by Sahara towards the refund.
Sources
SEBI-Sahara case: SC to hear on Monday pleas of employees for payment of pending salaries
SC To Take Up Sahara Staff Salary Petitions On Monday, Key Pleas On Property Sale To Adani Group Also Listed This Week
Supreme Court To Hear Interim Pleas Of Employees Seeking Payment Of Pending Salaries From Sahara Group Companies
SC defers hearing by six weeks on Sahara selling properties to Adani
SC defers hearing by six weeks on Sahara firm's plea seeking nod to sell properties to Adani
SC defers hearing by six weeks on Sahara firm’s plea seeking nod to sell properties to Adani
SC defers hearing on Sahara firm's plea seeking nod to sell properties to Adani
SC to hear Sahara plea to sell assets to Adani Properties after 6 weeks as Centre seeks time to respond
