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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
Subrata Roy not liable for Rs 24,000 crore refund: Sahara to SC

Aug 06, 2013

Subrata Roy not liable for Rs 24,000 crore refund: Sahara to SC

Sahara group today told the Supreme Court that its chief Subrata Roy is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of SEBI #Sahara Group #Supreme Court #SEBI #Subrata Roy #Sahara #Sahara India Real Estate Corporation
Supreme Court slaps contempt notices on two Sahara firms

Jul 24, 2013

Supreme Court slaps contempt notices on two Sahara firms

"You must give a definite answer by Tuesday," a bench of justices K S Radhakrishnan and J S Khehar said while adjourning the case for 30 July on plea of the companies. #NewsTracker #Supreme Court #SEBI #Sahara Housing Investment Corporation #Sahara India Real Estate Corporation
As Rs 24,000 cr refund nears, Sahara Group gets more brazen

Nov 29, 2012

As Rs 24,000 cr refund nears, Sahara Group gets more brazen

More reports are coming in that the Sahara Group is pressuring investors to roll the money in OFCDs to other schemes - in contravention of Sebi/SC orders #SEBI #Subrata Roy #Sahara Capers #Sahara Housing Investment Corporation #OFCDs #Sahara India Real Estate Corporation
Will refund Rs 24,000 cr to investors in 3 months, Sahara tells SC

Sep 28, 2012

Will refund Rs 24,000 cr to investors in 3 months, Sahara tells SC

Sahara Group today assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures (OFCDs) from their investors will refund the amount within three months. #ToWhatEffect #SEBI #Sahara #investors #Sahara India Real Estate Corporation
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