Sahara seeks SC nod for sale of group’s assets to Adani

Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court seeking permission to sell multiple properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited.

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‘The plea, filed through advocate Gautam Awasthi, is likely to be heard on October 14.

The application requests approval “to outright sell various properties belonging to the Sahara Group to Adani Properties Private Limited, for the consideration and on the terms and conditions as set out in the term sheet dated September 6, 2025.”

‘The plea noted that over the years, SICCL and the Sahara Group have struggled to liquidate assets despite court permissions, managing to deposit around Rs 16,000 crore into the SEBI ~ Sahara Refund Account out of a principal amount of Rs 24,030 crore. It added that SEBI had been unable to sell these assets even with the assistance of reputed estate brokers.