Statement of Shri Gautam Awasthi, Senior Advocate
Today the Supreme Court permitted Aamby Valley Limited to negotiate a deal of subscription agreement whereby an investor will invest 1.67 billion dollar in Aamby Valley out of which around Rs. 5000 crore will given to SEBI-Sahara account.
Despite of auction being published the Supreme Court has permitted Aamby Valley to pursue the negotiation and of Aamby Valley Ltd. succeeds in the negotiation then the auction will be abandon.
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