NEW DELHI: On Monday, the Supreme Court postponed the hearing on Sahara Group’s request to sell properties to the Adani Group by six weeks. The court directed the Centre to respond to the note submitted by the amicus curiae regarding the matter.
A bench comprising Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh incorporated the Ministry of Cooperation after Solicitor General Tushar Mehta informed that multiple cooperative societies formed by the Sahara Group may be impacted.
Senior advocate Shekhar Naphade, acting as an amicus curiae, presented a note to the court, highlighting numerous objections regarding the properties intended for sale by the Sahara Group, specifically mentioning 34 properties.
Advocate Kapil Sibal, representing the Sahara Group, expressed the intention to respond to the amicus’ note, stressing that several properties were sold or leased using forged documents.
The bench noted that it wasn’t the right venue to examine the sale or lease documents, indicating that the trial court or a appointed committee should handle those records.
CJI Gavai remarked to Naphade, “Let the Union of India provide its response, and then we will examine those matters.”
The bench scheduled the next hearing in six weeks, instructing the Centre to respond to both Sahara Group’s petition and the amicus curiae’s note. On October 14, the Supreme Court had requested responses from the Centre, the Securities and Exchange Board of India (SEBI), and other stakeholders concerning Sahara India Commercial Corporation Ltd’s plea to sell 88 prime properties to Adani Properties Private Limited. PTI
