- The Supreme Court had last week rejected Sahara's plea
- Aamby Valley City Development is spread over 6,761 acres
- The city has several amenities such as golf course, airport
The Supreme Court had last month directed the Bombay High Court liquidator to start the process of selling Sahara's Aamby Valley property. During the July 25 hearing, Sahara's chief lawyer had opposed auctioning process and sought time of 18 months to pay the balance of around Rs. 9,000 crore towards principal.
"The Official Liquidator hereby invites the Prospective Bidder(s) to submit their KYC Form and on qualification, invites bids from Intending Bidder(s) along with an amount of Fifteen Percent (15 per cent) of the Reserve Price as Earnest Money to be paid through RTGS or NEFT for the sale of the Aamby Valley City through Auction I or Auction II," the notice said.
According to the liquidator's notice, Aamby Valley City Development is spread over 6,761 "undulating acres of verdant expanse, is nested amidst picturesque environs of the great Sahyadri Mountain range". The city has several amenities such as golf course, airport, hospital, adventure sports, retail, entertainment, international school and hospitality.