Friday, February 12, 2016| Latest E-book
You are here:
Sahara Group
#

Sahara Group

Articles

Sahara-Sebi saga: Apex court has reasons to be vexed with Subrata Roy's histrionics

Feb 03, 2016

Sahara-Sebi saga: Apex court has reasons to be vexed with Subrata Roy's histrionics

It is the continued game of claim versus counter claim that is bothering the country’s apex court which, probably, doesn’t want any more papers or plans but a final settlement from Roy. #Sahara Group #SEBI #ConnectTheDots #Subrata Roy #Kargil War #Aamby Valley #Grosvenor House #Sahara Star Hotel
Subrata Roy's release effort: Sahara to sell London's Grosvenor House Hotel to Qatar for Rs 3,000 cr

Feb 03, 2016

Subrata Roy's release effort: Sahara to sell London's Grosvenor House Hotel to Qatar for Rs 3,000 cr

Sale of Grosvenor House Hotel would fetch Rs 3,000 crore which would be paid to market regulator Sebi towards the payment of Rs 10,000 crore as directed by the apex court #Sahara Group #SEBI #Kapil Sibal #Sahara India Real Estate Corporation #Grosvenor House Hotel
Embattled Sahara group dips into small savers' funds to keep Aamby Valley afloat

Feb 01, 2016

Embattled Sahara group dips into small savers' funds to keep Aamby Valley afloat

Sahara has infused at least Rs 1,500 crore ($221 million) from two of its credit cooperatives into the Aamby Valley resort project through investments in preference shares #Sahara Group #Supreme Court #SEBI #Aamby Valley #founder Subrata Roy #Saharayn E-Multipurpose Society #Rajani Associates #cooperative funds
Relief for Subrata Roy? European firm offers $5 bn to bail out Sahara

Sep 28, 2015

Relief for Subrata Roy? European firm offers $5 bn to bail out Sahara

The bench had said a retired judge of the apex court, who was appointed to oversee the action taken by Sebi against the Group, would be the chairman of the receiver. #Sahara Group #NewsTracker #Supreme Court #SEBI #Subrata Roy #Aamby Valley #Helvetia Group
RBI cancels Sahara India Financial Corp's NBFC registration

Sep 14, 2015

RBI cancels Sahara India Financial Corp's NBFC registration

The registration of the Lucknow-headquartered NBFC stands cancelled with effect from 3 September, RBI said in a release. #RBI #Sahara Group #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara India Financial Corporation
Sahara case: Supreme Court says Subrata Roy in jail by choice; may appoint receiver for asset sale

Aug 04, 2015

Sahara case: Supreme Court says Subrata Roy in jail by choice; may appoint receiver for asset sale

The court had declined to relax the conditions for interim bail of Roy like depositing Rs 5,000 crore in cash and a bank guarantee of equal amount and tough terms including payment of the entire Rs 36,000 crore in 18 months. #Sahara Group #NewsTracker #Supreme Court #Kapil Sibal #Subrata Roy #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers
Sahara auction: Real estate firms slug it out at SC to buy company's plot in Gorakhpur

Jul 13, 2015

Sahara auction: Real estate firms slug it out at SC to buy company's plot in Gorakhpur

The bidding started when the lawyer of Samriddhi developers agreed to match the Rs110 crore offer made by Gorakhpur Real Estate Developers Private Limited. #Sahara Group #NewsTracker #Supreme Court #Subrata Roy #Real estate #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers #SEBI-Sahara account
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 tells SC it cannot repay Rs 36,000 cr investor money in 18 months

Jul 08, 2015

Sahara tells SC it cannot repay Rs 36,000 cr investor money in 18 months

The apex court had 19 June given Sahara's two companies - SIRECL and SHFCL - 18 months to repay the investors' money which they had collected in 2007-08 through OFCDs. #Business #Sahara Group #Supreme Court #Kapil Sibal #CompanyWatch #Subrata Roy
SC asks realty firms willing to buy Sahara's asset to show bonafides

Jul 07, 2015

SC asks realty firms willing to buy Sahara's asset to show bonafides

A bench comprising justices TS Thakur, AR Dave and AK Sikri asked one of the firms, Gorakhpur Real Estate Developers Private Limited which intends to purchase Sahara group's land properties in Rs 110 crore, to deposit Rs 11 crore by tomorrow to establish its bonafides. #Sahara Group #NewsTracker #Supreme Court #Kapil Sibal #Subrata Roy #Real estate #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers