Sebi’s coffers depleting in the chase for genuine Sahara investors
The Supreme Court had ordered that all expenses incurred by Sebi in the refund process would be incurred by Saharas. The post Sebi’s coffers depleting in the chase for genuine Sahara investors appeared...
View ArticleSC tells Sahara to come up with logical proposal to repay investors
Observing that the preliminary hearing has been "very productive", the bench said the matter would be taken up next week and asked the group to prepare its proposal by then. The post SC tells Sahara to...
View ArticleSC allows Sahara to sell properties to help Subrata get bail
The court, however, reserved its order on a fresh plea of Roy seeking modification of an earlier order by which he was asked to pay Rs.5,000 crore in cash besides a bank guarantee of an equivalent...
View ArticleSC dismisses Sahara chief’s house arrest plea, allows sale of assets
The Sahara chief, who is in Delhi's Tihar jail since 4 March, was earlier directed by the apex court to pay Rs 5,000 crore in cash and furnish a bank guarantee of Rs 5,000 crore as pre-condition for...
View ArticleSahara sells residential project to Ahmedabad-based developers
Sahara Group had floated 'Sahara City' residential scheme at Shela village near Bopal on the city outskirts a few years ago. The post Sahara sells residential project to Ahmedabad-based developers...
View ArticleSubrata Roy seeks restoration of special facilities in Tihar jail
On October 1, Roy was sent back to his cell in Tihar at the end of the period granted by the Supreme Court for stay at the air-conditioned facility in the complex to negotiate sale of his overseas...
View ArticleSubrata Roy shelled out Rs 31 lakh to use special facilities in jail
Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore for his bail. The post Subrata Roy shelled out Rs 31 lakh to...
View ArticleMeet Sultan of Brunei, the man willing to shell out more than $2 bn for...
The controversial Sultan of Brunei is reportedly eyeing the Sahara Group's assets abroad and is willing to dole out a whopping $2 billion for the three hotels that the Indian group owns in New York and...
View ArticleRelief for Roy as Miami’s Mirach Capital to pump in $2 bn in Sahara
There's finally a glimmer of hope for the Sahara Group as Miami-based debt fund with special focus on distressed assets, turnarounds, Mirach Capital has decided to pump in $2 billion into the group....
View ArticleSC allows Subrata Roy back in Tihar jail conference room till 20 Feb
Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like internet and video-conferencing at the Tihar prison as per a Supreme court...
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