It asked the Sahara chief to discuss the roadmap for future payments with amicus curiae Shekhar Naphade and Sebi, and said if they are convinced, the court could look into it
See who came to congratulate the newlyweds.
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
Sebi roped in HDFC Realty and SBI Cap after being asked by the Supreme Court to initiate the process of selling Sahara properties whose titles have been deposited with it by the group
Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog.
The case related to two Sahara Group firms --Sahara Housing Investment Corporation Ltd and Sahara India Real Estate Corp Ltd -- raising more than Rs 24,000 crore (Rs 240 billion) from an estimated 3 crore (30 million) investors through issuance of certain bonds between 2008-2009.
Justice J S Khehar will be sworn in on January 4 and will hold the tenure for over seven months till August 27, 2017.
A new bench has been constituted in the Supreme Court to hear the Sahara case which will take up the matter on May 19.
Sahara told the court it was working on new deals to raise funds.
Force India finished sixth in 2014 but spent much of last season calling for cost cuts.
The Sahara Group had earlier sought 18 months' time to repay around Rs 9,000 crore balance amount of the principal amount of Rs 24,000 crore.
Mirach Capital rejected accusations of indulging in forgery.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Besides Joseph, one of the lawyers defending Michel is a member of the Congress' youth wing while the father of another is a party member, Patra claimed at a press conference.
Earlier, the top court said it had been "taken for a ride" by the Sahara group by its past conduct and asked it to submit a roadmap for paying the balance amount
In a fresh twist to the alleged "forgery" saga, US-based Mirach has asked Sahara to make a "formal apology" for tarnishing its image.
At the reserve price, these auctions will take the total fund raising to at least Rs 3,100 crore (Rs 31 billion).
Sahara said it has initiated legal action against Mirach Capital.
Sahara group has been engaged in a long-running regulatory and legal battle with Sebi.
The judges said the group can sell 13 out of the 15 properties mentioned in one of the lists to deposit the amount.
Sahara group has been engaged in a legal battle with Sebi for long over raising Rs 24,000 crore (Rs 240 billion) from investors.
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.
Force India, who finished sixth overall last year but whose owners have had financial troubles, missed the first test in Jerez.
Interview with Tamal Bandyopadhyay, the author of Sahara: The Untold Story.
The Supreme Court on Thursday warned the Sahara Group to reveal source of Rs 22,885 crore (Rs 228.85 billion) which it claimed to have refunded its investors or be ready to face inquiry by CBI and Registrar of Companies.
The company has been given time till June by mortgage holders Reuben Brothers
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
Case in the US relates to an Airbus Corporate Jet
It is one of the three marquee hotels owned by Sahara outside India.
The Sahara group has accused Mirach of 'cheating and forgery'.
The court allowed the group to re-auction certain properties in Ajmer, Firozabad, Vellore, Tiruchirappalli and Ujjain for which the bidding was at a much higher price
The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.
To locate genuine investors who may have deposited money with Sahara, the regulator also wants to issue public notices in regional language newspapers.
After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
Landmark judgments follow new CJI's assumption of office.
Sebi says Sahara investors refunded over Rs 42 cr.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
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