The petition alleges that the Aamby Valley “had adopted subterfuge methods to avoid auction of the property”. The letter also said the company cannot guarantee security to the international school in Aamby Valley and police should take over. The latest developments affected the auction process as it drove the bidders out and nobody is willing to buy Aamby Valley now, the Sebi said. Other than the 6,761.64-acre Aamby Valley city, a 1,409.87-acre plot surrounding the project and another 321.66 acres in adjoining Satara district were to be auctioned. Sahara chief Roy had sought permission for an agreement with Victor Koenig UK Limited for an investment of US $1.67 billion in Aamby Valley.

Source: Hindustan Times October 10, 2017 12:00 UTC