The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
Sebi says Sahara investors refunded over Rs 42 cr.
The apex court was irked when Sebi claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.
The court will hear Sahara case on July 14.
The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it
Delhi court to hear Subrata Roy's IT case on June 1.
Latest exercise follows two similar attempts made by Sebi in the past
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
In a relief to Sahara, a US court has rejected a plea seeking to attach the Indian group's prized Plaza and Dream Downtown hotels.
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Not all Opposition parties on board, say they are once bitten, twice shy.
A spokesperson said Sahara group is not into business with Trinity.
Senior advocates Kapil Sibal and Mukul Rohatgi, appearing for Sahara, has sought time till August 15 for realisation of the cheque and giving a road map for depositing the remaining amount.
The apex court on August 31 last year directed the two Sahara group companies to refund the money to their investors within three months with 15 per cent interest per annum.
Unable to verify or trace a large number of bondholders in Sahara refund case, Sebi has begun a process to consult the business conglomerate for verifying the genuineness of such investors.
Sebi says it will directly transfer the refund money to the bank accounts of genuine investors.
The events of September 24 have not only earned the country a whole lot of interest but also showed the world how a lot more can be accomplished with a shoestring budget.
Sebi sets Sept 30 deadline to apply for Sahara refund
Olympic champion, Spain's Carolina Marin turned out to be the costliest buy of the second edition of the Premier Badminton League (PBL), while Kidambi Srikanth fetched the highest amount by an Indian at the players' auction, in New Delhi on Wednesday.
Senior advocate Kapil Sibal, representing Roy, said it was quite difficult to raise money as the properties have already been attached.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
Citing the SC order in Sahara case, Sebi has passed orders against at least five companies and 21 individuals charged with collecting thousands of crores fraudulently
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
The top court last week gave Sahara a final chance to raise funds.
Subrata Roy turned up at a New Delhi stadium, best known for hosting the Commonwealth Games, last week as part of his country wide Abhaar Yatra.
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
A bank account is a must to get the refund and those without it have been asked by Sebi to open an account with a scheduled bank.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
In the midst of its bloody battles with the Supreme Court and Sebi, Sahara group gets the Calcutta high court to issue a stay order on the publication of the book, Sahara: The Untold Story, by Tamal Bandyopadhyay.
Suitors came with all-cash offers but were rebuffed
Sahara accuses Mirach Capital of cheating, forging bank letter.
Star India Pvt. Ltd. was awarded the team sponsorship rights of the Indian team on Monday for a period of three years after Sahara's bid was declared ineligible by the BCCI in Chennai.
"My judicial custody in Tihar jail and being confined to a prison cell with just the basic amenities definitely came as a rude shock."
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
'This is the only country where success seems to be viewed as a bad thing.' 'Other governments and countries go out of their way to protect a successful organisation. Here we find ways of destroying it.'
Subrata Roy is in jail since March last year.
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