Sahara has numerous times in the past has said that they have already returned the money to 93% of its investors. Hence to provide amount to SEBI the New Money is required.
The bail granted is subject to precondition of payment of Rs.10,000 crores. The Bank Guarantee of this size with lower margin cash backed by assets takes 3 months.
So if we go for Bank Guarantee now, it will mean putting 100% cash margin. Therefore the order implies that Rs.10,000 crores cash is wanted to secure release from jail, if the release is desired before 3 months.
Further, the title deeds of assets having value over Rs.20,000 crores are lying with SEBI only. If case by case Hon'ble Court allows to sell assets, it will be a distress sale which would not fetch more than 20-25% of the real value of the asset. Moreover, money from the sale of bigger assets will only come in long term installments in view of Indian financial strength.
