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Sahara group says it will defend lawsuit on US hotels sale

Jun 25, 2015

Sahara group says it will defend lawsuit on US hotels sale

Last week, the Supreme Court of India set out conditions for release of Sahara chief Subrata Roy and two other executives from the jail and asked the group to make a total payment of Rs 36,000 crore in 18 months. #Business #Sahara Group #Supreme Court #Subrata Roy #UBS #Grosvenor House #plaza #dream downtown #Reuben brothers #JTS Trading Ltd #Trinity White City Ventures
Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Mar 25, 2015

Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Saharas long-drawn dispute with regulator Sebi over investor repayments has begun to take its toll on the groups employees as a deputy manager with Sahara India Co-operative Society who did not get his salary for four months committed suicide by jumping from the eighth floor of his office building on Tuesday. #Sahara Group #Kingfisher Airlines #Tihar jail #Subrata Roy
US-based Mirach files $400 mn defamation suit against Sahara

Mar 17, 2015

US-based Mirach files $400 mn defamation suit against Sahara

US-based Mirach Capital today said it is initiating a $400 million defamation lawsuit againstthe Sahara group, while alleging that the failed financing deal with the Indian conglomerate has caused "irreparable harm" and "shaken investor confidence". #Sahara Group #Supreme Court #Subrata Roy #Sahara #Mirach Group
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
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 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