Mentioning before the bench headed by Justice T S Thakur, Kane Capital's counsel sought the court to hear the matter and the court fixed Monday to hear the case.
After Sahara group's repeated failure to sell its three offshore properties to generate Rs 10,000 crore for the release of its chief Subrata Roy, a UK-based firm Kane Capital Partners on Friday offered to buy the India conglomerate's London-based five-star property The Grosvenor House Hotel (GHH) for Rs 6,370 crore.
Kane Capital, which claimed to have been dealing with various international real estate, infrastructure and related projects in the UK, Europe, Middle East and the US, moved the Supreme Court saying the company is ready to pay 27 times higher than the latest market rate of the property.
Mentioning before the bench headed by Justice T S Thakur, Kane Capital's counsel sought the court to hear the matter and the court fixed Monday to hear the case.
Roy, who has been in jail since March 4 last year after he failed to comply with the court's repeated directions to refund the investors' money, owns Grosvenor House Hotel (GHH) in London and two other hotels -- The Plaza Hotel and the Dreams Downtown New York in the US.
In its plea, the firm company expressed its willingness to deposit money in an escrow account within a week while seeking court's indulgence to facilitate the deal.
The international realtor said that GHH was mortgaged along with other properties to Bank of China (BOC).
Referring to media reports, the plea said, "Reuben Brothers had taken over the GHH and also two other luxury hotels in New York for $ 850 million (GBP 543) million debt buyout. They have given a four month of time to Sahara Group to repay the debt and free the charge on all the properties, failing which they could then sell the properties without any reference to the Sahara Group or this court at such price and in such manner as they so wish,"Kane Capital said.
The bench fixed Monday to hear the plea.
Earlier, Sahara's deal with Mirach capital and others failed and the apex court has decided to appoint a receiver to auction his properties.
The Supreme Court has fixed Rs 36,000 crore liability on Roy and asked him to deposit the amount with the market regulator Securities Exchange Board of India.
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 "Subrata Roy")
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