Overview

• Sahara India Commercial Corporation Ltd has filed an application seeking court approval to sell a portfolio of group assets to Adani Properties under a term sheet dated September 6, 2025.
• The proposed package lists 88 properties, including marquee assets Aamby Valley in Maharashtra and Sahara Saher in Lucknow.
• Sahara says it has realised about Rs 16,000 crore from earlier sales and deposited it in the SEBI–Sahara Refund Account against a principal of Rs 24,030 crore.
• The group contends SEBI could not monetise key assets through brokers and cites litigation, investigations, market conditions and a leadership vacuum after Subrata Roy’s death as hurdles to sales.
• The Supreme Court recently allowed Rs 5,000 crore to be disbursed to cooperative-society depositors, and Sahara argues the Adani deal would expedite compliance with refund orders.