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SC lifts freeze on assets, but Subrata Roy to remain in jail

Jun 04, 2014

SC lifts freeze on assets, but Subrata Roy to remain in jail

Sahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors. #NewsTracker #Securities and Exchange Board of India #Supreme Court #SEBI #Subrata Roy #Sahara #OFCD #Aambey Valley #SIRECL #Optionally Fully Convertible Debentures #Sahara India Real Estate Corporation Limited #SHICL #Sahara Housing Investment Corporation Limited #Sahar chief Subrata Roy #assets frozen
Supreme Court slaps contempt notices on two Sahara firms

Jul 24, 2013

Supreme Court slaps contempt notices on two Sahara firms

"You must give a definite answer by Tuesday," a bench of justices K S Radhakrishnan and J S Khehar said while adjourning the case for 30 July on plea of the companies. #NewsTracker #Supreme Court #SEBI #Sahara Housing Investment Corporation #Sahara India Real Estate Corporation
As Rs 24,000 cr refund nears, Sahara Group gets more brazen

Nov 29, 2012

As Rs 24,000 cr refund nears, Sahara Group gets more brazen

More reports are coming in that the Sahara Group is pressuring investors to roll the money in OFCDs to other schemes - in contravention of Sebi/SC orders #SEBI #Subrata Roy #Sahara Capers #Sahara Housing Investment Corporation #OFCDs #Sahara India Real Estate Corporation
A breather to Sahara, SC stays order to refund investor money

Nov 28, 2011

A breather to Sahara, SC stays order to refund investor money

SC has asked the two cos to file a detailed affidavit explaining as to how it will protect the interests of their 2.3 crore investors who have put in money in Sahara India Real Estate Corporation and Sahara Housing Investment Corporation. #Finance #NewsTracker #Supreme Court #Sahara #Sahara Housing Investment Corporation #Sahara India Real Estate Corporation
Is Sahara's goose cooked? SAT orders return of Rs 24,000 cr

Oct 18, 2011

Is Sahara's goose cooked? SAT orders return of Rs 24,000 cr

The Securities Appellate Tribunal has upheld the Sebi order that two Sahara companies must return the funds they collected from investors. #ThatsJustWrong #SEBI #Subrata Roy #Sahara Commodity Services Corporation #Sahara Housing Investment Corporation