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Sahara chief seeks 10 more days from SC to facilitate the sale of his hotels in NY, London

Sep 05, 2014 11:11 AM IST Business Business
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New Delhi: Sahara chief Subrata Roy has sought extension of the concession given to him for 10 more days. He is presently housed in the conference hall of the Tihar Jail to facilitate the sale of his hotels in New York and London.

He said that he could not facilitate the sale as there are protests after media reports of Sultan of Brunei keen on buying that have delayed the sale process.

"Negotiations with a buyer are on the verge of collapse and I need to hold talks with other 3-4 buyers who are in line to buy the properties," Roy told court. "If time is not extended, the entire deal would be scrapped," he has added.