More properties are expected to go under the hammer in the coming days.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
The estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore.
As Sahara India chief Subrata Roy continues negotiations with potential investors to raise funds to secure his release from jail, a senior group executive has proposed a 'contribution scheme' to raise Rs 2,500-3,000 crore ( 25-30 billion) from two lakh members of its parabanking division.
The criminal case was registered by the Mumbai zonal office of the agency after it got reports in this regard from the Sebi.
A bench headed by Chief Justice R M Lodha dismissed the PIL and expressed concern over such petitions being in the Supreme Court.
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
The Supreme Court has given troubled conglomerate Sahara a month's time to explain why a receiver should not be appointed to auction off its properties.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages
Sahara told the court it was working on new deals to raise funds.
Senior advocate S Ganesh, appearing for Roy, submitted that it may not feasible for the group to dispose of its Indian properties as the real estate prices have crashed down since June this year.
The judges said the group can sell 13 out of the 15 properties mentioned in one of the lists to deposit the amount.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
A spokesperson said Sahara group is not into business with Trinity.
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.
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 India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
In a fresh twist to the alleged "forgery" saga, US-based Mirach has asked Sahara to make a "formal apology" for tarnishing its image.
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
Sahara group has been engaged in a long-running regulatory and legal battle with Sebi.
The Sahara group has accused Mirach of 'cheating and forgery'.
SC wanted to know how it encashed securities deposited with RBI.
The Supreme Court on Friday asked Sahara and SEBI to formulate mechanism for securing payment of around Rs 19,000 crore (Rs 190 billion) of investors' money after the Subrata Roy-led group agreed to pledge it's immovable property as security but the market regulator questioned the sale deed and worth of the properties.
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.
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
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.
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
Sahara said it has initiated legal action against Mirach Capital.
Mirach Capital rejected accusations of indulging in forgery.
Interview with Tamal Bandyopadhyay, the author of Sahara: The Untold Story.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
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
All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.
Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker
The top court last week gave Sahara a final chance to raise funds.
Sahara group has been engaged in a legal battle with Sebi for long over raising Rs 24,000 crore (Rs 240 billion) from investors.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
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