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Sahara asset attracts Rs 150 crore bids; SC turns into auction room
MUMBAI: Sahara Group’s press and television business have taken a hit. Not just this, the group’s 45 acre property in Gorakhpur, Uttar Pradesh, has been entangled in a courtroom bidding war, with the Supreme Court turning into an auction room.
Samriddhi Developers and Gorakhpur Real Estate Developers are the two companies that are vying for the property.
While Samriddhi Developers had initially put an offer of Rs 64 crore, the amount rose to Rs 150 crore by the end of the bidding.
According to an Economic Times report, the group needs to raise Rs 1,800 crore by way of cash as part of a Rs 5,000-crore payment it needs to make to free chairman Subrata Roy on bail. Aside from this, the Supreme Court has also asked for a Rs 5,000-crore bank guarantee in a case involving refunds to investors.
What is notable is that while Samriddhi and Sahara had signed an initial memorandum of understanding (MOU) for the sale of the plot at Rs 64 crore, the scenario changed after Gorakhpur Real Estate Developers made an offer of Rs 110 crore for the plot.
Samriddhi Developers, senior advocate Paras Kuhad took instructions from one of the partners present in the court, and jacked the bid to Rs 125 crore. Later, the rival took it up to Rs 140 crore, adding another Rs 5 crore, before finally settling at Rs 150 crore.
The bench has now asked both parties to show their bonafides by depositing 25 per cent of the amount by 31 July in the Sebi-Sahara account. The rest needs to be arranged in three equal installments by 31 October. If either of them fail to meet the deadline, the amount deposited will be forfeited.
The money generated from the sale of the Gorakhpur property will be added to the amount already deposited by the Sahara Group in the Sebi-Sahara account and go towards securing Roy’s release.
Complying with the July order, Gorakhpur Real Estate Developers has already deposited Rs 11 crore with the Supreme Court Registry to establish its bonafides. Samriddhi too has placed a letter and a cheque from its bankers to show its bonafides.
The bench has now posted the matter for hearing on 3 August.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
