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
This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages
Sahara also sought permission to sell its properties in Bangalore.
Sahara group has been engaged in a legal battle with Sebi for long over raising Rs 24,000 crore (Rs 240 billion) from investors.
A 'communication dated May 6, 2014 received from Justice J S Khehar was placed before the Chief Justice of India on May 7.
Reports said that the two hotels can fetch up to $1 billion.
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
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
Force India's 2015 Formula One car will not make its track debut until the third and final pre-season test in Barcelona some two weeks before the first race in Australia, the team said on Friday.
Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
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
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
Other bidders include Abu Dhabi Investment Authority.
The judges said the group can sell 13 out of the 15 properties mentioned in one of the lists to deposit the amount.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
A new bench has been constituted in the Supreme Court to hear the Sahara case which will take up the matter on May 19.
The court, however, reserved its order on a fresh plea of Roy seeking modification of an earlier order by which he was asked to pay Rs 5,000 in cash besides a bank guarantee of an equivalent amount.
The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore (Rs 50 billion) in cash besides a bank guarantee of an equivalent amount for securing his release.
A criminal case has been registered against the group by the agency in connection with non-payment of crores of rupees to depositors after it got some fresh reports in this regard from the Sebi.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Case in the US relates to an Airbus Corporate Jet
He wanted 15-day relief to attend aunt's cremation.
The Supreme Court asked the Group to come out with a logical and acceptable proposal on paying Rs 10,000 crore.
Sahara told the court it was working on new deals to raise funds.
Sahara Chairman Roy was arrested on February 28 and has been held in a Delhi jail since March 4.
Sahara Group chief Subrata Roy and two directors have been in Tihar Jail since March 4.
Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like Internet and video-conferencing at the Tihar prison as per a Supreme court order to complete negotiations for raising funds for his bail.
'The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.'
Roy met 3 potential buyers for an hour amid tight security.
The apex court had asked Roy to pay Rs 10,000 cr.
It is one of the three marquee hotels owned by Sahara outside India.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
A spokesperson said Sahara group is not into business with Trinity.
Sahara group has sought extension of negotiation facilities in the Tihar jail here for its chief Subrata Roy by a further 45 days.
Refuting the contention of Roy who had submitted that he cannot be penalised for non-refund of the money by Sahara India Real Estate Corp Ltd and Sahara India Housing Investment Corp Ltd, the market regulator said that the business tycoon held 70 per cent stake in the companies and liable for contempt of court punishable upto to six months imprisonment or fine.
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
Force India, who finished sixth overall last year but whose owners have had financial troubles, missed the first test in Jerez.
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
Force India boss Vijay Mallya says his partnership with the Formula 1 team's co-owner Subrata Roy stands strong despite the Sahara Group chief being in jail since March 2014.
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