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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
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
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
Sahara accuses Sebi of going slow on investor verification

Feb 28, 2014

Sahara accuses Sebi of going slow on investor verification

The group further said that Sebi has been given all original payment vouchers, receipts and all other documents containing all details of esteemed investors in more than 100 truck loads. #Investing #Sahara Group #NewsTracker #Supreme Court #SEBI #Subrata Roy #OFCDs
Sebi may ask cos to make greater disclosures in IPOs to protect investors

Jan 15, 2014

Sebi may ask cos to make greater disclosures in IPOs to protect investors

For the benefit of investors, Sebi may seek enhanced disclosures about key issues, while the IPO price discovery mechanism may be made more investor friendly. #Initial public offering #NewsTracker #SEBI #IPO #OFCD #optionally fully convertible bonds
Sahara Group seen muzzling media by obtaining a book ban

Jan 13, 2014

Sahara Group seen muzzling media by obtaining a book ban

The Sahara Group, which is yet to comply with a SC order to refund Rs 24,000-and-odd crore to investors, is trying to overawe a journalist with a defamation case #Sahara Group #Subrata Roy #Sahara Capers #OFCDs #Media Watch #Supreme Court Case
Why Supreme Court is running out of patience with Sahara's Subrata Roy

Oct 07, 2013

Why Supreme Court is running out of patience with Sahara's Subrata Roy

The Supreme Court has given the Sahara Group too long a rope. The Saharas have successful stalled compliance with an order of August last year till now #Supreme Court #SEBI #Subrata Roy #Sahara #Sahara Capers #OFCDs
Subrata Roy wants to send Sebi on a wild goose chase

Apr 11, 2013

Subrata Roy wants to send Sebi on a wild goose chase

Subrata Roy has a point when he says Sebi should have given priority to returning his investors money, but what if many of his investors are non-existent? #SEBI #Sahara Capers #OFCDs #Investor Refund