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TMI Blog2016 (10) TMI 371X X X X Extracts X X X X X X X X Extracts X X X X ..... khar Napahade, Sr.Adv. (A.C.), Mr. Arvind P.Datar, Sr. Adv., Mr. Pratap Venugopal, adv., Ms. Surkha Raman, adv., Mr. Anuj Sarma, Adv., Ms. Niharika, Adv., M/s. K. J. John & Co.,Adv. For The Respondent : Mr. Kapil Sibal, Sr. Adv., Mr. Narendra Hooda, Sr. Adv., Mr. Gautam Awasthi,Adv., Mr. Aarohi Bhalla, Adv., Mr. Ayush Choudhary, Adv., Mr. Nijam Pasha, Adv., Mr. Rahul Tripathi, Adv., Mr. Nikhil Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of eight properties offered for sale, six were already attached by the Income-tax Department. The result was that only two properties could be sold by SEBI for a total amount of Rs. 61.44/- crores which amount has been credited to the SEBI Sahara Refund Account. Regarding the remaining six properties, although certain amounts were received by SEBI from the prospective purchasers, SEBI is going to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as will support the scheme so filed by an undertaking that the balance amount recoverable from them shall be deposited in terms of the said scheme without fail. He prays for time till 24th October, 2016 to furnish the scheme/road-map proposed by him and submits that the interim arrangement already made could be continued till that date in modification of our Order dated 23.09.2016. There is some ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uidation of the balance liability, we extend the interim arrangement already made till 24th October, 2016 on the condition that the Saharas/contemnors shall deposit with SEBI a further sum of Rs. 200/- crores (Rupees Two hundred Crores only) during the intervening period. We make it clear that in case the deposit is not made, the Saharas shall stand committed to jail on 24th October, 2016, the dat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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