Supreme Court had on 12 October taken strong exception to the alleged obstruction by the Sahara Group in the Aamby Valley auctioning process and warned that anybody creating any impediment would be liable for contempt and "sent to jail"
No single real estate player in India will be financially in a position to buy the "ultra- exclusive chartered city" as the sector is undergoing a cash crunch now
Fresh trouble for Sahara: Aamby Valley gets Rs 24,647 cr I-T notice, biggest tax penalty on any corporate
The penalty indicating tax evasion attempts made by the company comes at a time when the Supreme Court has ordered auction of Aamby Valley to raise the money the group has to pay back the investors.
The top court had earlier directed attachment of Sahara Group's prime property for realisation of money to be paid to its investors.