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SC turns down Sahara chief  Subrata Roy's plea for parole

Jul 22, 2014

SC turns down Sahara chief Subrata Roy's plea for parole

The Supreme Court Tuesday turned down Sahara Group chairman Subrata Roy's plea for release on parole to arrange the sale of three overseas hotels to generate Rs 10,000 crore to be returned to investors. #NewsTracker #Supreme Court #Subrata Roy #SC #Plea #Sahara chief
Rs 3,117 crore deposited with Sebi: Sahara tells SC

Jul 01, 2014

Rs 3,117 crore deposited with Sebi: Sahara tells SC

The Sahara group on Tuesday filed an affidavit in the Supreme Court stating it has deposited Rs 3,117 crore so far with Sebi and that it is trying to raise more money to meet the condition of paying Rs 5,000 crore to get bail for its chief Subrata Roy. #India #NewsTracker #Supreme Court #SEBI #Sahara #SIRECL #SHICL
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 likely to pronounce verdict on Subrata Roy's plea tomorrow

Jun 03, 2014

SC likely to pronounce verdict on Subrata Roy's plea tomorrow

A bench of justices TS Thakur and AK Sikri, on 29 May, had reserved its order after hearing arguments from the counsel of Sahara Group and the SEBI on the fresh plea of Roy. #NewsTracker #Subrata Roy #Sahara #SC #Plea
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
Justice JS Khehar recuses himself from hearing Sahara case

May 15, 2014

Justice JS Khehar recuses himself from hearing Sahara case

In a sudden twist in the Sahara Group case, Supreme Court judge Justice JS Khehar has recused himself from hearing the matter following which a new bench has been constituted. #India #Sahara Group #Supreme Court #Subrata Roy #JS Khehar
Sahara case: Pressure, tension unimaginable, says SC judge

May 12, 2014

Sahara case: Pressure, tension unimaginable, says SC judge

Supreme Court judge Justice KS Radhakrishnan, who heard the Sahara case, has said that the "pressure, tension and strain" for the two-member bench was "unimaginable" in dealing with the "complicated" matter. #India #Supreme Court #Subrata Roy #Sahara #KS Radhakrishnan