SC clears path for Sahara Group to sell assets

04 Sep 2024 CW Team

The Supreme Court of India has approved the Sahara Group's request to sell certain assets to repay its investors. This decision marks a significant step forward in the long-standing legal battle involving the Sahara conglomerate. The court stressed the importance of transparency in the process to ensure fair dealings and protection for investors.

In its ruling, the court directed Sahara to provide detailed reports on the asset sales and ensure that all transactions are conducted with full disclosure. This move is intended to prevent any potential mismanagement or fraudulent activities that could undermine the interests of the investors.

The Sahara Group, which has been embroiled in legal troubles for several years, welcomed the court's decision. The group expressed its commitment to adhering to the court's directives and ensuring that the sales are executed transparently and efficiently.

This ruling is expected to expedite the repayment process for investors who have been waiting for their dues for an extended period. The court's emphasis on transparency is seen as a crucial step in restoring confidence among stakeholders and ensuring that the repayment process is conducted fairly.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..