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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
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
Mirach says Sahara's 3 hotels can fetch a maximum of $1.67 bn

Feb 08, 2015

Mirach says Sahara's 3 hotels can fetch a maximum of $1.67 bn

As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of $1.67 billion (Rs 10,400 crore). #London #Tihar jail #Subrata Roy #Sahara #New York #Grosvenor House #dream downtown #The Plaza #mirach capital
Willing to buy Sahara's hotels but  loan offer off the table, says Mirach

Feb 06, 2015

Willing to buy Sahara's hotels but loan offer off the table, says Mirach

Denying "unfounded" allegations of forgery, the US-based Mirach Capital Group has asserted that it remains "ready, willing and able" to buy Sahara assets, but its loan offer was no longer on the table. #Tihar jail #Subrata Roy #Sahara #Saransh Sharma #Mirach
Mirach group cheated us with 'forged letter', will initiate legal action, says Sahara

Feb 06, 2015

Mirach group cheated us with 'forged letter', will initiate legal action, says Sahara

The Sahara-Mirach deal had taken a mysterious turn after Bank of America's disclosure that it was not the banker as claimed by Mirach in its proposed financing for Sahara. #Sahara Group #Supreme Court #Tihar jail #TheySaidIt #Subrata Roy #Bank of America #Saransh Sharma #Mirach Group