"They (the fund) have committed through a mutual agreement and the agreement was submitted in the last hearing of the court on August 10, 2017. The same was raised in today's hearing as well," advocate Gautam Awasthy said in the statement.
The statement came on a day when the Supreme Court directed the official liquidator to go ahead with the scheduled auction of Aamby Valley property in Maharashtra, as it rejected Sahara Group Chief Subrata Roy's plea for some more time.
The liquidator has fixed the reserve price for the luxury resort town project at about Rs 37,000 crore, though the group pegs its market valuation at over Rs 1 lakh crore.
The directions came after Roy said he had deposited Rs 533.20 crore in the Sebi-Sahara account and wanted to pay the remaining Rs 966.80 crore through cheques dated November 11.
The top court said that barring "hyperbolic arguments and rhetoric statements" by the Sahara chief, the amount in its entirety has not yet been paid.
seeking 18 months more for making the full repayment of the outstanding amount to be refunded to the investors.
Sahara group said Aamby Valley Ltd has entered into a pact for Royale Partners Investment Fund, registered in Mauritius as a global business company and owned by Dubai-headquartered RPMG Investment, to invest money in return for a strategic stake of 26 per cent.
The pact has been signed with Viktor Koenig UK Limited, with Royale Partners Investment Fund Limited as its nominee. Sahara has been engaged in a long-running battle with the
capital market regulator Sebi (Securities and Exchange Board of India).
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)