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
Officials said the notice was issued by the taxman in January this year after the special audit of AVL's income for the Assessment Year 2012-13.
An investment vehicle lining up a $2 billion package to help bail the boss of India's troubled Sahara out of jail said it expects to ultimately take control of landmark hotel assets like New York's Plaza after the conglomerate fails to repay lenders.
The apex court had also asked Sahara Group to provide it within two weeks the list of "unencumbered properties" which can be put for public auction to realise the remaining over Rs 14,000 crore
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 cause list put on the apex court website on Monday, however, showed that the case, which was listed before a special bench of justices K S Radhakrishnan and J S Khehar "stands deleted and the same is adjourned".
The group is selling property to raise a particular sum for the release of its chief Subrata Roy, in Tihar jail since March 4.
The Sahara case reveals that, in today's environment, court intervention is what makes a major difference.
The high-profile saga -- which on Friday saw the arrest of flamboyant Sahara group chief Subrata Roy, who calls himself 'Managing Worker' of his business empire -- has seen many dramatic events along the way.
With Sahara India chief Subrata Roy behind bars, the country's first seaplane service from the megapolis to Aamby Valley City, which is run by the Sahara group, was today grounded for the time being.
The company wanted to pay off the depositors' money in instalments.
The law is knocking at Sahara Group Chairman Subrata Roy's doors yet he manages to find a few well wishers. Former Indian cricket captain Kapil Dev has expressed concern over the arrest of Roy.
All three have cited personal reasons for giving up thepositions.
Holding that it was playing 'hide and seek' and cannot be trusted any more, the apex court on Monday directed the Sahara Group to hand over title deeds of its properties worth Rs 20,000 crore to Securities and Exchange Board of India warning that failure to comply would mean Subrata Roy cannot leave India.
Sahara group, whose chief Subrata Roy who was in jail for over two years in connection with a long-running dispute with markets regulator Sebi is now out on parole
Team India sponsorship will not be affected due to the takeover of the Sahara airline by competitor Jet Airways
Tightening its noose around Sahara group, market regulator Sebi on Tuesday asked Sahara group chief Subrata Roy and three other top executives to submit details of their assets, bank accounts and tax returns by April 8 followed by personal hearings on April 10.
The Securities and Exchange Board of India (SEBI) has moved the Supreme Court, seeking the detention of Sahara Group Chairman Subrata Roy for violation of the Court's orders. The Supreme Court will hear the case in April.
The Sahara Group on Wednesday accused the BCCI of "betrayal of trust" while rejecting claims of the Board that the IPL team is to be blamed for the controversy surrounding the franchise fee, leading to Pune Warriors pulling out of the Twenty20 tournament.
The bench, which said that Sahara group must refund the amount by August 31 or face personal appearance, however, refrained from passing orders as the counsel for Roy pleaded that no such order be passed without hearing him and posted the case for hearing on July 24.
Taking stern action against Sahara Group in the high-profile investor refund case involving over Rs 24,000 crore, market regulator Securities and Exchange Board of India on Wednesday ordered the freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy.
The company has been given time till June by mortgage holders Reuben Brothers
The Supreme Court on Monday rapped Sahara group for not refunding Rs 27,000 crore to investors, who had put their money into its two companies.
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 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.
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.
The Supreme Court on Monday said the plea of two Sahara group firms for extending time to refund Rs 24,000 crore to their investors with 15 percent interest would be heard by the same bench which had ordered the refund on August 31 last year.
Market watchdog Sebi has asked various banks to provide it all account details of the Sahara group as well as their promoters and directors, and is also seeking help from RBI, ED and Financial Intelligence Unit as part of a multi-pronged probe into the entity.
The first demand draft of Rs 5,120 crore to be paid immediately.
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.
The relationship between Sahara Group and the Indian Cricket Board had turned from bad to worse in the past month but after a "couple of not so cordial telephonic conversation" between the owners of Pune Warriors and the board top brass that had telling effect.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
The top brass of BCCI and the aggrieved Sahara Group will meet in Mumbai on Sunday in a bid to break the stalemate which prompted the corporate giant to withdraw sponsorship of the Indian cricket team and also pull out of the IPL.
The liquidator said the properties are being sold under two distinct phases over a period of two days
Terms it financial inclusion, says top execs not members.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
The Supreme Court on Tuesday said that the Securities and Exchange Board of India was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fund-mopping exercise.
Reports said that the two hotels can fetch up to $1 billion.
Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'
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
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