Senior advocate Vikas Singh, representing Sahara chief Subrata Roy and the group, told the court that they have failed to sell a parcel of the Aamby Valley for depositing the money.
The Supreme Court on Monday granted Sahara chief Subrata Roy 10 more working days to deposit Rs 709.82 crore out of the promised Rs 1,500 crore and extended its interim order granting him bail till July 5.
The apex court has also directed the Sahara group for valuation of 3 three properties which have been mortgaged with the Bank of China.
The matter relates to the case involving a refund of over Rs 24,000 crore raised through "various illegalities" by two Sahara companies.
Subrata Roy led Sahara India had filed a writ petition seeking to quash the market regulator's February 13 order. The court had directed Sebi to file a counter affidavit.
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