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Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Apr 13, 2015

Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Engaged in a long-drawn legal battle with Sebi, Sahara has supported the regulator's claim before a US court to bring back nearly $13 million from sale proceeds of a business jet of the crisis-hit group. #SEBI #Sahara #Jet #Legal assistance
Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

Apr 13, 2015

Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

The Indianapolis court is looking into disbursement of money collected from the aircraft sale #SEBI #Sahara #corporate jet #aircraft sale
Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

Apr 10, 2015

Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

The Delhi High court today stayed till next month the trial court proceedings and the warrant issued by it for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case for allegedly not filing returns for a group company for the assessment year 2013-14. #Tihar jail #Subrata Roy #Sahara #Income tax
Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

Mar 26, 2015

Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. #Tihar jail #Subrata Roy #Sahara #Aamby Valley #Grosvenor House #BBVA #mirach capital
Sahara says submissions to SC can't be subject of media trial

Mar 25, 2015

Sahara says submissions to SC can't be subject of media trial

In a statement, Sahara said "submissions made before the court for adjudication in a sub-judice matter cannot be subjected to public debates and speculative media trials, as the same can attract contemptuous liability". #Supreme Court #SEBI #CompanyWatch #Subrata Roy #Sahara #Bank of China #OFCD #BBVA Bank #Nouam Ltd

BLOG POSTS

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Why the judicial system's fear of mobs is frightening

Mar 16, 2014

Why the judicial system's fear of mobs is frightening

I do not understand what collective conscience is and how it is to be measured for extreme or moderate revulsion. #Supreme Court #Afzal Guru #Sahara India #InMyOpininon #High Courts
Moral of Subrata Roy's story don't mess with SC, public sentiment

Mar 06, 2014

Moral of Subrata Roy's story don't mess with SC, public sentiment

The judiciary is not something to be scoffed at and neither is public sentiment. #Business #HowThisWorks #India #Delhi #Supreme Court #protest #Subrata Roy #Sahara #lUCKNOW #Ink