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Takeover of Sahara’s Aamby Valley properties to begin tomorrow

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Aamby-vaaley

[vc_row][vc_column][vc_column_text]The Bombay High Court receiver, appointed by the Supreme Court to take over the management of Sahara Group’s Aamby Valley luxury township near Pune, has told the property’s CEO Vivek Kumar that the process of taking ‘symbolic possession of Aamby Valley City’ would begin Monday, Dec 11.

In a communique sent on Friday, Dec 8, the receiver asked Kumar to be present at the properties ‘on the date and time mentioned in the schedule’ with all relevant documents and also ‘to intimate concerned persons at the sites about the said visit’.

The Supreme Court, on Nov 23 last, had ordered the official receiver at the Bombay High Court to take over the management of affairs of Aamby Valley, to ensure that the auction of the property proceeds smoothly. There had been allegations that a previous attempt to sell the property was obstructed. There was also fear of encroachment and the possibility of not finding any bidder for it, according to media reports.

The bench of Chief Justice Dipak Misra and judges Ranjan Gogoi and A K Sikri said: “The duty of the receiver is to see the valuation is not reduced and the property is maintained.”

The takeover by court receiver will end control and possession of the Sahara group over the Rs 37,000-crore property, spread across 43 sq km off Lonavla, on the Mumbai-Pune Highway.

Earlier this year, the Court had ordered the township’s auction after Sahara failed to pay the Securities and Exchange Board of India (SEBI) the amount fixed by the court’s 2012 order. SC had originally ordered Sahara India Real Estate and Sahara Housing Invest Corp to refund Rs 24,029 crore raised from 29.6 million investors, along with an interest of 15 per cent. Sahara repaid only Rs 5,120 crore and claimed the rest was refunded to the investors directly. The court did not buy this argument and sent group chief Subrata Roy to Delhi’s Tihar jail in 2014.

Roy was released on parole in 2016 and some amount was paid in instalments. With delay, however, interest on the due accumulated and the dues mounted to over Rs 40,000 crore. The court ordered the auction of Aamby Valley as the final option to end the proceedings that have dragged on for seven years.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1512906641297{margin-bottom: 20px !important;border-bottom-width: 20px !important;padding-top: 20px !important;padding-bottom: 20px !important;background-color: #a2b1bf !important;}”][vc_column][vc_column_text]Outward No. of 2017. Bank of India Building, 2nd Floor,

(G.C.P.)J1879(1,25,000112007)

Mahatma Gandhi Marg,

Tel. No.22670219 (Office) Fort, Mumbai – 400 023

From : D. R. Shetty, Date :8th December, 2017

COURT RECEIVER, HIGH COURT, BOMBAY

To,

Mr. Vivek Kumar

C.E.O., AambyValley City

Hotel Sahara Star,

Opp. Domestic Airport,

VileParle

(East)

Mumbai 400 057.

Sub. :Compliance of the order dated 23/11/2017 passed by Hon’ble Supreme Court in the matter of Securities And Exchange Board of India V/s Subrata Roy Sahara & Ors.

Ref. :order dated 23rd November, 2017 in Conmt. Petition (c) Nos. 18201822/2017 in Conmt. Pet. (c) Nos. 412 and 413/2012 in C.A. Nos. 9813 and 9833/2011

Sir,

Apropos of the subject referred above, I am directed to inform you that as per above referred order, Court Receiver, High Court, Bombay is appointed as official Receiver in respect of Aamby Valley City. In compliance of this order, Court Receiver, High Court, Bombay has fixed an appointment to take symbolic possession of Aamby Valley City at Lonavala and properties belonging to Aamby Valley Limited at Village Dabhedabhekar, Tal. Mahabaleshwar, Sambhukhed, Tal. Mann, and Yerphale, Tal.Patan, Dist. Satara as per the schedule given below.

Therefore, you are requested to remain present on the date and time mentioned in the schedule given below with your officers along with documents of title, revenue records, survey record, approved maps, licenses, contracts, agency agreements, seal and stamp of your office and other necessary documents. You are also requested that the extra sets of copies of all these documents be brought on site. You are further requested to intimate concerned persons at the sites about the said visit.

Yours faithfully,

Sd/COURT

RECEIVER.

Schedule

Description of properties Date of

visit/appointment

1 Aamby Valley City, Taluka – Mulshi, Lonavala, Dist. Pune – 11/12/2017 at 9.30 a.m.

2 Aamby Valley Limited property, Gat No.76 at village Yerphale, Tal. Patan, Dist. Satara – 12/12/2017 at 9.00 a.m.

3 Aamby Valley Limited Property, Gat No.334, 287, 298, 321A,321B, 321C, 338 and 320 at Village Sambhukhed, Tal. Mann, Dist, Satara – 12/12/2017 at 2.00 p.m.

4 Aamby Valley Limited Property, Gat No. 2/66, 10/74 Village Dabhedabhekar, Tal. Mahabaleshwar, Dist. Satara – 13/12/2017 at 10.00 a.m

Encl.:Copy of order dated 23.11.2017 of Hon’ble Supreme Court.[/vc_column_text][/vc_column][/vc_row]

India News

Opposition slams Vice President Jagdeep Dhankhar after he criticises Supreme Court’s order on President

TMC’s Kalyan Banerjee accused Dhankhar of repeatedly disrespecting the judiciary.

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Opposition leaders on Thursday fiercely criticised Vice President Jagdeep Dhankhar for his recent statements on the judiciary, accusing him of undermining its authority and veering close to contempt.

Leaders from the Congress, Trinamool Congress (TMC), Dravida Munnetra Kazhagam (DMK), and notable legal figures condemned Dhankhar’s remarks as disrespectful to constitutional principles.

Congress leader Randeep Singh Surjewala emphasised the supremacy of the Constitution, stating, “In our democracy, no office—whether President, Prime Minister, or Governor—stands above constitutional accountability.”

He praised the Supreme Court’s April 8 ruling, which set a three-month deadline for the President to act on bills reserved by governors, calling it a bold and necessary check on high offices.

TMC’s Kalyan Banerjee accused Dhankhar of repeatedly disrespecting the judiciary. “His comments on Supreme Court judges are unacceptable and nearly contemptuous. As a constitutional figure, he must respect other institutions,” Banerjee asserted.

DMK leader Tiruchi Siva labelled Dhankhar’s remarks as “unacceptable,” stressing that no one, regardless of their position, can delay legislative bills indefinitely. “The rule of law must prevail over institutional overreach,” Siva said.

Senior advocate and Rajya Sabha MP Kapil Sibal defended Article 142, which grants the Supreme Court authority to issue orders for “complete justice.” He questioned, “This power is enshrined in the Constitution to ensure justice. Who is obstructing the President’s authority?”

Dhankhar’s controversial remarks were made during an address to Rajya Sabha interns on April 17, where he called Article 142 a “constant threat to democratic forces” and challenged the judiciary’s right to impose deadlines on the President. He also questioned why judges require judicial approval for FIRs, noting that only the President and Governors enjoy constitutional immunity from prosecution.

The Bharatiya Janata Party (BJP) defended Dhankhar, accusing the opposition of hypocrisy. BJP spokesperson Shehzad Poonawalla retorted, “The opposition, which ignores parliamentary laws, mocks the Vice President, and shields rioters for votes, has no moral ground to lecture on constitutional propriety.”

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India News

FASTag won’t be discontinued from May 1: Govt clears rumours on new tolling technology

While new technological approaches are under consideration, MoRTH clarified that the ongoing pilot tests featuring Automatic Number Plate Recognition (ANPR) systems at selected toll plazas are meant to enhance, not replace, FASTag functionalities.

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The Ministry of Road Transport and Highways (MoRTH) has dismissed rampant rumours regarding the discontinuation of the FASTag system effective May 1, 2025. In an official statement released on Friday, the ministry reiterated that it has no intention of phasing out FASTag or replacing it with a satellite-based tolling system in the immediate future.

Authorities cautioned the public against believing misleading reports and viral messages that suggest FASTag will be eliminated, emphasising that the system remains active and mandatory for toll payments across the nation.

While new technological approaches are under consideration, MoRTH clarified that the ongoing pilot tests featuring Automatic Number Plate Recognition (ANPR) systems at selected toll plazas are meant to enhance, not replace, FASTag functionalities.

Understanding the hybrid tolling model

The proposed hybrid model seeks to combine the existing Radio-Frequency Identification (RFID)-based FASTag with ANPR technology. This innovative approach aims to facilitate barrier-less toll collection; sophisticated high-resolution cameras will capture vehicle number plates and link them with FASTag accounts for a more efficient toll payment process.

The ministry is currently assessing the hybrid system’s potential to:

  • Decrease congestion at toll plazas
  • Accelerate vehicle flow
  • Provide motorists with a smoother, uninterrupted tolling experience

However, MoRTH has confirmed that the hybrid model is still in the pilot phase and no final decision regarding its nationwide implementation has been established.

Although FASTag will not be replaced, the ministry stressed the importance of compliance under the hybrid system. Vehicle owners who neglect toll payment procedures may receive electronic notices, face suspension of their FASTag accounts, or incur penalties as per the VAHAN vehicle registration database.

The Ministry of Road Transport and Highways strongly urged motorists to disregard false information regarding the discontinuation of FASTag. Official updates on any changes to the tolling system will be communicated through trusted channels. The public is encouraged to stay informed by visiting the official websites at www.nhai.gov.in and morth.nic.in.

Fact Check: Claim: A satellite-based tolling system will replace FASTag starting May 1, 2025. Fact: This claim has been labelled false, as MoRTH has confirmed that FASTag will remain in use beyond the specified date.

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India News

Who is Rinku Majumdar? Former Bengal BJP president Dilip Ghosh ties the knot at 60

The wedding was an intimate affair, attended by close family members. Senior BJP leaders, including state president Sukanta Majumdar, visited Ghosh’s New Town residence earlier in the day to extend their congratulations.

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Dilip Ghosh, a prominent figure in West Bengal’s BJP, tied the knot with Rinku Majumdar, a fellow party member, in a private ceremony on Friday evening in New Town.

The 60-year-old Ghosh, who has been acquainted with Majumdar since 2021, shared that the marriage fulfils his late mother’s wish. He emphasised that his personal life will not affect his commitment to politics, stating, “I will remain as dedicated to my political responsibilities as ever.”

Ghosh, a long-time member of the Rashtriya Swayamsevak Sangh (RSS) since his youth, joined the BJP in 2015. As the former state president of the Bengal BJP, he played a pivotal role in elevating the party to the primary opposition force in West Bengal, overtaking the CPI(M).

Known for his candid and humorous remarks, Ghosh previously represented Kharagpur as a Member of Parliament and is expected to be a key player in the state’s upcoming 2026 assembly elections.

The wedding was an intimate affair, attended by close family members. Senior BJP leaders, including state president Sukanta Majumdar, visited Ghosh’s New Town residence earlier in the day to extend their congratulations.

West Bengal Chief Minister Mamata Banerjee conveyed her heartfelt congratulations to Ghosh and his bride, Rinku Majumdar, on their marriage. According to reports, Banerjee sent a floral bouquet along with a warm message to Ghosh’s home in New Town, Kolkata, with the delivery facilitated by local police.

Several prominent Trinamool Congress members, including Kunal Ghosh, Debangshu Bhattacharya, and Kalyan Banerjee, also joined in offering their best wishes to the couple, reports said.

Reports indicate that the marriage proposal originated from Majumdar’s side. A party insider revealed that the decision was finalised earlier this month during an IPL match both attended, sparking their mutual agreement to tie the knot.

Who is Rinku Majumdar?

Rinku Majumdar, who has been active in the BJP since 2013, has held significant roles in the party’s Mahila Morcha (women’s wing), OBC front, and handloom cell. This is her second marriage, and she has a son employed at an IT company in Kolkata’s Salt Lake area. Speculation about their relationship grew after they were seen together at Eden Gardens on April 3, watching an IPL match.

Reflecting on their connection, Rinku shared with a news outlet, “I’ve worked with the BJP at the grassroots level since 2013. My first conversation with Dilip happened just before the 2021 elections at Eco Park—it was very brief. We spoke more during this year’s Lok Sabha elections, but it was always professional.”

She added, “In September, when I was considering settling down, I proposed to him. I wanted someone from New Town who would respect my political career. Dilip stood out as an honest, principled, and strong individual—qualities I admire. I thought, why not him?”

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