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Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

Mar 03, 2015

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches". #World #India #Supreme Court #SEBI #Subrata Roy #Sahara #Bank of China #Grosvenor House
Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Mar 03, 2015

Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Grosvenor House, a landmark property on Park Lane here, is one of the three marquee hotels owned by Sahara outside India, the other two being Plaza and Dream Downtown in New York. #Sahara Group #CompanyWatch #Subrata Roy #Deloitte #Jones Lang LaSalle #Grosvenor House #dream downtown #The Plaza
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

BLOG POSTS

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Why the judicial system's fear of mobs is frightening

Mar 16, 2014

Why the judicial system's fear of mobs is frightening

I do not understand what collective conscience is and how it is to be measured for extreme or moderate revulsion. #Supreme Court #Afzal Guru #Sahara India #InMyOpininon #High Courts
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