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RBI moves SC to stop Sahara from selling its assets to secure Roy's bail

Feb 14, 2015

RBI moves SC to stop Sahara from selling its assets to secure Roy's bail

It has asked the apex court to restrain Sahara India Financial Corporation Ltd (SIFCL) from utilising any of its assets, including securities, for paying dues to Sebi on the ground that SIFCL is a residuary non-banking financial firm and falls under its (RBIs) regulatory control. #Supreme Court #SEBI #Subrata Roy #Sahara #SIFCL #Sahara India Financial Corporation
MS Dhoni should have thought twice about doing business with Sahara

Nov 02, 2014

MS Dhoni should have thought twice about doing business with Sahara

If a man is known by the company he keeps, tying up with Sahara dulls the Dhoni halo just that little bit more. #Sports #India #InMyOpinion #hockey #Subrata Roy #MS Dhoni #Ranchi #Sahara India Pariwar #Hockey India League
Subrata Roy shelled out Rs 31 lakh to use special facilities in jail

Oct 31, 2014

Subrata Roy shelled out Rs 31 lakh to use special facilities in jail

Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore for his bail. #India #London #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #New York #Saudi Arabia #Sahara India #Plaza Hotel #Sahara investors #Investments abroad #Sahara assets
Subrata Roy seeks restoration of special facilities in Tihar jail

Oct 06, 2014

Subrata Roy seeks restoration of special facilities in Tihar jail

On October 1, Roy was sent back to his cell in Tihar at the end of the period granted by the Supreme Court for stay at the air-conditioned facility in the complex to negotiate sale of his overseas hotels. #India #London #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #New York #Saudi Arabia #Sahara India #Plaza Hotel #Sahara investors #Investments abroad #Sahara assets
SC dismisses Sahara chief's house arrest plea, allows sale of assets

Jun 04, 2014

SC dismisses Sahara chief's house arrest plea, allows sale of assets

The Sahara chief, who is in Delhi's Tihar jail since 4 March, was earlier directed by the apex court to pay Rs 5,000 crore in cash and furnish a bank guarantee of Rs 5,000 crore as pre-condition for his release. #India #London #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #New York #Saudi Arabia #Sahara India #Plaza Hotel #Sahara investors #Fali Nariman #Investments abroad #Sahara assets
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
SC allows Sahara to sell properties to help Subrata get bail

May 29, 2014

SC allows Sahara to sell properties to help Subrata get bail

The court, however, reserved its order on a fresh plea of Roy seeking modification of an earlier order by which he was asked to pay Rs.5,000 crore in cash besides a bank guarantee of an equivalent amount. #India #London #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #New York #Saudi Arabia #Sahara India #Plaza Hotel #Sahara investors #Investments abroad #Sahara assets
SC tells Sahara to come up with logical proposal to repay investors

May 19, 2014

SC tells Sahara to come up with logical proposal to repay investors

Observing that the preliminary hearing has been "very productive", the bench said the matter would be taken up next week and asked the group to prepare its proposal by then. #India #London #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #New York #Saudi Arabia #Sahara India #Plaza Hotel #Sahara investors #Investments abroad #Sahara assets
SC says it's willing to defreeze Sahara bank accounts

Apr 16, 2014

SC says it's willing to defreeze Sahara bank accounts

The bench, which had last year frozen all bank accounts of companies and restrain them from selling any properties without its approval #India #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara #Sahara India #Sahara investors #Sahara assets