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Another blow: Sebi says Sahara Mutual Fund not 'fit and proper', cancels licence

Jul 29, 2015

Another blow: Sebi says Sahara Mutual Fund not 'fit and proper', cancels licence

In a fresh crackdown on Saharas, regulator Sebi today cancelled the registration of Sahara Mutual Fund. #Business #India #NewsTracker #SEBI #Sahara #mutual fund licence
Sahara auction: Real estate firms slug it out at SC to buy company's plot in Gorakhpur

Jul 13, 2015

Sahara auction: Real estate firms slug it out at SC to buy company's plot in Gorakhpur

The bidding started when the lawyer of Samriddhi developers agreed to match the Rs110 crore offer made by Gorakhpur Real Estate Developers Private Limited. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy #Real estate #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers #SEBI-Sahara account
Can't pay? SC can call Subrata Roy's bluff by appointing a liquidator

Jul 08, 2015

Can't pay? SC can call Subrata Roy's bluff by appointing a liquidator

The way to call the bluff is simple: once Rs 10,000 crore is arranged, the Supreme Court should put the rest of Sahara's assets under a court-appointed liquidator, whose nod would be required for actually selling any property. Once the dues are recovered, the remaining property can be released to Roy. #Sahara Group #Subrata Roy #OFCD #TS Thakur
Sahara tells SC it cannot repay Rs 36,000 cr investor money in 18 months

Jul 08, 2015

Sahara tells SC it cannot repay Rs 36,000 cr investor money in 18 months

The apex court had 19 June given Sahara's two companies - SIRECL and SHFCL - 18 months to repay the investors' money which they had collected in 2007-08 through OFCDs. #Business #Sahara Group #Supreme Court #Kapil Sibal #CompanyWatch #Subrata Roy
SC asks realty firms willing to buy Sahara's asset to show bonafides

Jul 07, 2015

SC asks realty firms willing to buy Sahara's asset to show bonafides

A bench comprising justices TS Thakur, AR Dave and AK Sikri asked one of the firms, Gorakhpur Real Estate Developers Private Limited which intends to purchase Sahara group's land properties in Rs 110 crore, to deposit Rs 11 crore by tomorrow to establish its bonafides. #Sahara Group #NewsTracker #Supreme Court #Kapil Sibal #Subrata Roy #Real estate #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers
Sahara group says it will defend lawsuit on US hotels sale

Jun 25, 2015

Sahara group says it will defend lawsuit on US hotels sale

Last week, the Supreme Court of India set out conditions for release of Sahara chief Subrata Roy and two other executives from the jail and asked the group to make a total payment of Rs 36,000 crore in 18 months. #Business #Sahara Group #Supreme Court #Subrata Roy #UBS #Grosvenor House #plaza #dream downtown #Reuben brothers #JTS Trading Ltd #Trinity White City Ventures
US court issues show-cause notice to Sahara in $350-mn lawsuit

Jun 22, 2015

US court issues show-cause notice to Sahara in $350-mn lawsuit

In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a $350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown. #Business #India #NewsTracker #Subrata Roy #Sahara #Bank of China #Grosvenor House #JTS Trading Ltd
Guarantor pulls out: Subrata Roy deeper in trouble as refund amount rises to Rs 36000 cr

Jun 20, 2015

Guarantor pulls out: Subrata Roy deeper in trouble as refund amount rises to Rs 36000 cr

The Supreme Court asked jailed Sahara chief Subrata Roy to furnish Rs 5,000 crore in cash and a bank guarantee of equal amount to secure his release. #Bail #India #NewsTracker #Supreme Court #SEBI #Kapil Sibal #Subrata Roy #Sahara #Saradha scam #Sahara chief
7 interesting facts about Mumbai-born Reuben brothers who saved Sahara

Jun 08, 2015

7 interesting facts about Mumbai-born Reuben brothers who saved Sahara

David and Simon Reuben were born in Mumbai to a Jewish business family and since then have gone on to make a range of interesting investments. Read more about them. #Subrata Roy #Sahara #Reuben brothers #David and Simon Reuben #Trans-World