Tag: Adani Properties

Latest StoriesRegulatory

SC asks Centre, SEBI about Sahara firm’s property sale to Adani

NEW DELHI: The Supreme Court has requested responses from the Centre, the Securities and Exchange Board of India (SEBI), and other stakeholders regarding a petition by Sahara India Commercial Corporation Ltd (SICCL) to sell 88 prime properties to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, reviewed the interlocutory application related to the Sahara Group’s refund obligations. The bench, acknowledging Solicitor General Tushar Mehta’s submissions, directed that the Union Ministries of Finance and Cooperation be added as parties to these proceedings and requested their response…

Latest StoriesRegulatory

SC to Hear Sahara Firm’s Asset Sale Plea to Adani Tuesday

NEW DELHI: The Supreme Court is set to hear a plea from Sahara India Commercial Corporation Ltd (SICCL) on Tuesday, requesting permission to sell properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, will consider the request at 2 PM. On Monday, an attorney presented another plea regarding the release of salaries for employees at a Sahara group firm, noting that salaries have been on hold since 2014. Additionally, a lawyer representing one of…

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Sahara Seeks SC Approval for Asset Sale to Adani Properties

NEW DELHI: Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court for permission to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. The petition, mentioned for hearing recently, is expected to come up on October 14. In the plea filed by advocate Gautam Awasthi, it states, “..to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited under the terms outlined in the term sheet dated September 6, 2025.” The interlocutory application, filed in ongoing matters concerning the Sahara Group, outlined the challenges faced…

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Adani to Redevelop 142 Acres in Mumbai’s Motilal Nagar

Sure! Here’s a rewritten version of the content: — The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Adani Properties to undertake a major redevelopment initiative in Motilal Nagar, a 142-acre area in Goregaon (West), Mumbai. This venture represents MHADA’s largest single redevelopment project to date. RealtyDailyNews initially reported on March 11 that Adani Properties secured the project by promising to provide 3.97 lakh square meters of housing, representing the highest share of Floor Space Index (FSI) allocated to MHADA. As part of the initiative, qualifying MHADA residents will be allotted new homes with a built-up area of…

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Adani Properties Secures NCLT Approval for HDIL Assets

MUMBAI: The National Company Law Tribunal (NCLT) has given the green light to Adani Properties for the acquisition of two assets from the insolvent Housing Development and Infrastructure (HDIL) as part of the corporate insolvency resolution process (CIRP). The acquired assets include a commercial property named ‘Inspire BKC’ located in Mumbai’s Bandra-Kurla Complex and a piece of land situated in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was identified as the sole bidder submitting a proposal compliant with the Insolvency and Bankruptcy Code (IBC) for both assets. The resolution plan for the Inspire BKC project is appraised at…