The Supreme Court on Wednesday directed Sahara India Commercial Corporation Ltd (SICCL) and SEBI to hold a meeting along with two Mumbai-based property consultants to explore the terms and conditions on which Sahara Group's Versova land could be sold to get maximum value to return investors' money. A bench of Chief Justice Sanjiv Khanna and Justices M M Sundresh and Bela M Trivedi issued notices to the Ministry of Environment and Forests and Maharashtra's chief secretary and sought their responses on the status of Versova plot and clarify whether it was a forest land. "After the last date of hearing, we have had several bidders' proposals for the land at Versova. Mr Shekhar Naphade, who is amicus curiae, has submitted a note before us stating that the Versova plot is mangrove forest area either fully or partially. In these circumstances we deem it appropriate to issue notice to the Ministry of Forests and (Maharashtra) chief secretary who shall inform this court about status of the .