Sahara firm seeks SC nod for asset sale to Adani arm

Sahara India Commercial Corporation Ltd (SICCL) has moved the Supreme Court seeking permission to sell various properties, including Aamby Valley in Maharashtra and Shahara Shaher in Lucknow, to Adani Properties Private Limited.

- PRESS TRUST OF INDIA

The plea, which was mentioned for hearing recently, would likely come up on October 14.

Seeking the permission, the plea filed through advocate Gautam Awasthi, said, " ... 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 interlocutory application, filed in the pending matters related to Sahara group, said pursuant to various orders passed by this court, from time to time, and after taking the permission of this court through various orders, the SICCL and the Sahara Group were, with great difficulty, able to liquidate certain movable and immovable assets of theirs, the proceeds of which were deposited into the SEBI-Sahara Refund Account.