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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 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
Allowing Subrata Roy to sell Sahara assets for his personal bail may not be right

Jan 14, 2015

Allowing Subrata Roy to sell Sahara assets for his personal bail may not be right

The way out will be to release Roy from jail after impounding his passport and simultaneously appoint a receiver for sale of assets #SEBI #Money laundering #Tihar jail #Subrata Roy #OFCDs #Sahara Pariwar
SC misses the elephant in the room: whose money was Sahara playing around with?

Dec 18, 2014

SC misses the elephant in the room: whose money was Sahara playing around with?

The Supreme Court has sent Subrata roy of Sahara to prison for not paying up the dues of his OFCD holders to Sebi. But it is forgetting the bigger question: whose money was it anyway? #Supreme Court #SEBI #Money laundering #Subrata Roy #Sahara Capers #OFCDs #Swiss Bank accounts #Black Money SIT
Jailed Subrata Roy is paying the price for arrogance of power

Sep 09, 2014

Jailed Subrata Roy is paying the price for arrogance of power

Corporate defiance at a time when all institutions - from regulators to courts - are trying to re-establish their credibility is what has laid Vijay Mallya and Subrata Roy low.
#Sahara Group #Supreme Court #Kingfisher Airlines #Vijay Mallya #Subrata Roy #OFCDs
Check out: The 3 properties Sahara's Subrata Roy is hoping will bail him out of jail

Sep 05, 2014

Check out: The 3 properties Sahara's Subrata Roy is hoping will bail him out of jail

Subrata Roy has sought an extension of ten days from the Supreme Court to seal the deals for his hotels abroad. Here's a look at the properties. #Supreme Court #Subrata Roy #Sahara #OFCD #Grosvenor House #plaza #Optionally Fully Convertible Debenture #Radhakrishna #NBW #dream downtown
Crony socialism: Why more businessmen are seeing insides of jail than ever before

Aug 12, 2014

Crony socialism: Why more businessmen are seeing insides of jail than ever before

More scams happened during UPA because there is a link between funnelling money to the poor and corruption. In crony socialism, more businessmen are seeing the insides of jail than ever before #2G scam #NREGA #MCX #Jignesh Shah #Land Act #Crony Socialism #Coalgate. GMR #Sahara OFCDs
SC rejects Subrata Roy's bail plea: Here's what the court said

Jul 22, 2014

SC rejects Subrata Roy's bail plea: Here's what the court said

The Supreme Court today rejected the bail and parole plea of Sahara chief Subrata Roy, but allowed him to leave jail premises in order to participate in negotiations for asset sales in order to raise funds for his bail.
#Supreme Court #Subrata Roy #Sahara #OFCD #Optionally Fully Convertible Debenture #Radhakrishna #NBW
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
In Subrata Roy's delusional world, he is the financial messiah of the unwashed masses

Mar 05, 2014

In Subrata Roy's delusional world, he is the financial messiah of the unwashed masses

The unreal world of Subrata Roy and the Sahara Group was nowhere more evident than in his statements in the Supreme Court yesterday #Supreme Court #SEBI #Subrata Roy #Sahara Capers #OFCDs #SIREC #SHIC