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Subrata Roy

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Sahara's woes continue: Supreme Court asks it to explain diversion of funds

Feb 25, 2015

Sahara's woes continue: Supreme Court asks it to explain diversion of funds

Sahara Group landed in a soup again as the Supreme Court asked it to explain how it encashed securities, deposited with RBI, and diverted them to pay depositors to the tune of Rs 484 crore without the court's nod. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy #SC #Supreme Court of India
Sahara's Subrata Roy fails to get hearing on special facilities

Feb 20, 2015

Sahara's Subrata Roy fails to get hearing on special facilities

Roy's application filed early this week for extension of facilities by four to six weeks did not come up for hearing and an effort to get relief today from a bench headed by Justice TS Thakur failed. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy
Sahara boss Subrata Roy wants 6 more weeks to work out a deal from Tihar jail

Feb 17, 2015

Sahara boss Subrata Roy wants 6 more weeks to work out a deal from Tihar jail

Subrata Roy on Tuesday asked the Supreme Court to let him use a high-tech office space inside New Delhi's Tihar jail complex for six more weeks, to talk to potential investors and raise $1.6 billion in bail, the lawyers told Reuters. #ToWhatEffect #Tihar jail #Subrata Roy #Sahara
RBI moves SC to stop Sahara from selling its assets to secure Roy's bail

Feb 14, 2015

RBI moves SC to stop Sahara from selling its assets to secure Roy's bail

It has asked the apex court to restrain Sahara India Financial Corporation Ltd (SIFCL) from utilising any of its assets, including securities, for paying dues to Sebi on the ground that SIFCL is a residuary non-banking financial firm and falls under its (RBIs) regulatory control. #Supreme Court #SEBI #Subrata Roy #Sahara #SIFCL #Sahara India Financial Corporation
Failed deal: Now Mirach Capital prepares lawsuit to hit back Sahara

Feb 13, 2015

Failed deal: Now Mirach Capital prepares lawsuit to hit back Sahara

This follows Sahara yesterday initiating legal action against Mirach for alleged "cheating and forgery" with regard to the deal that involved transfer of the Indian group's existing loans from Bank of China for three iconic hotels to a new set of investors. #Business #Sahara Group #Supreme Court #Tihar jail #CompanyWatch #Subrata Roy #Grosvenor House #dream downtown #The Plaza #mirach capital #Saransh Sharma

BLOG POSTS

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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
Jilted lover, rogue flirter Sahara & BCCIs Valentines Day drama

Feb 14, 2012

Jilted lover, rogue flirter Sahara & BCCIs Valentines Day drama

On VDay, the dumped party is trying to resume ties with the miffed ex, which has in turn already announced multiple rebounds; things can never be better for a feisty tale of romance and cheating. #JustSaying #Lalit Modi #Board of Control for Cricket in India #Subrata Roy #Sahara Pariwar