A much needed discretion by the court in the Heera Group case today. The court said that there is a large discrepancy as compared to what is to be given and what is demanded. The Heera Group CEO Dr. Nowhera Shaik has offered Rs 400 crore when the actual amount is just Rs 300 crore. The court further said that, whatever property Heera Group wants to sell to repay its investors that should be sealed in a cover and it has to be given directly to the court on 5th december. Heera Group has the right to sell all its properties to repay its investors. It is big news for all the investors and Heera Group supporters. A clear order from the court that Heera Group has all the right to sell properties to repay its investors, and whatever property they want to sell to repay investors should be sealed in a cover and it has to be given directly to the court. It means that Heera Group will now be directly in touch with the court and SFIO has nothing to do with the selling of properties.
The Hon’ble court asked SFIO why NBW is still issued against Dr. Nowhera Shaik in different states when the case is being handled by them.
Further, the Hon’ble Court has strictly ordered SFIO to take care of all the NBW against Dr. Nowhera Shaik. The Hon’ble court asked SFIO why NBW is still issued against Dr. Nowhera Shaik in different states when the case is being handled by them. Now Dr. Nowhera Shaik should get relief from fake cases. The Hon’ble judge also told all the people not to waste time, money and energy. There must be a deadline for the closure of this case so that Dr. Nowhera Shaik can restart Heera Group.