The Supreme Court of India has decided to postpone the hearing on Sahara Group's petition seeking approval to sell its properties to the Adani Group. The court has granted a six-week extension before the next proceedings in this significant corporate case.
Court Proceedings and Key Developments
A bench led by Chief Justice B R Gavai along with Justices Surya Kant and MM Sundresh presided over the hearing on November 17, 2025. The court made the crucial decision to implead the Ministry of Cooperation in the matter after hearing arguments from Solicitor General Tushar Mehta.
Solicitor General Tushar Mehta, representing the Central government, brought to the court's attention that the Sahara Group had formed numerous cooperative societies that could potentially be affected by the property sale transaction. This revelation prompted the judicial panel to include the Ministry of Cooperation as a necessary party to ensure all stakeholders' interests are protected.
Implications of the Court's Decision
The six-week deferral means that Sahara Group's ambitious plan to divest its properties to the Adani Group will remain in legal limbo until early 2026. This delay provides all parties involved additional time to prepare their arguments and positions more thoroughly.
The inclusion of the Ministry of Cooperation underscores the complex nature of the Sahara Group's organizational structure and the widespread impact this transaction could have on various stakeholders, particularly the cooperative societies associated with the conglomerate.
Background and Future Proceedings
The Sahara Group has been seeking judicial approval to proceed with property sales to the Adani Group as part of its broader financial restructuring efforts. The Supreme Court's cautious approach reflects the magnitude of the decision and its potential ramifications across multiple sectors.
With the new hearing date set approximately six weeks from November 17, 2025, all eyes will remain on the Supreme Court as it navigates this high-stakes corporate transaction that intersects with cooperative sector interests and large-scale business acquisitions.
