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Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Apr 13, 2015

Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Engaged in a long-drawn legal battle with Sebi, Sahara has supported the regulator's claim before a US court to bring back nearly $13 million from sale proceeds of a business jet of the crisis-hit group. #SEBI #Sahara #Jet #Legal assistance
Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

Apr 13, 2015

Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

The Indianapolis court is looking into disbursement of money collected from the aircraft sale #SEBI #Sahara #corporate jet #aircraft sale
Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

Apr 10, 2015

Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

The Delhi High court today stayed till next month the trial court proceedings and the warrant issued by it for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case for allegedly not filing returns for a group company for the assessment year 2013-14. #Tihar jail #Subrata Roy #Sahara #Income tax
Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

Mar 26, 2015

Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. #Tihar jail #Subrata Roy #Sahara #Aamby Valley #Grosvenor House #BBVA #mirach capital
Sahara says submissions to SC can't be subject of media trial

Mar 25, 2015

Sahara says submissions to SC can't be subject of media trial

In a statement, Sahara said "submissions made before the court for adjudication in a sub-judice matter cannot be subjected to public debates and speculative media trials, as the same can attract contemptuous liability". #Supreme Court #SEBI #CompanyWatch #Subrata Roy #Sahara #Bank of China #OFCD #BBVA Bank #Nouam Ltd
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
Sahara gets 90 more days to raise bail money to free boss Subrata Roy

Mar 24, 2015

Sahara gets 90 more days to raise bail money to free boss Subrata Roy

Sahara, a sprawling conglomerate that ranges from media to property and Formula One motor racing, on Monday got three more months from the Supreme Court to come up with a proposal to raise $1.6 billion to free its chief, Subrata Roy, from jail. #Supreme Court #Tihar jail #Subrata Roy #Sahara #Mirach
SC gives Sahara 3 months to arrange for Rs 10,000 cr by selling Aamby Valley and other properties

Mar 24, 2015

SC gives Sahara 3 months to arrange for Rs 10,000 cr by selling Aamby Valley and other properties

The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. #Supreme Court #Subrata Roy #Sahara #Aamby Valley
D-day: Has time run out for Sahara to raise funds to free Subrata Roy from jail?

Mar 23, 2015

D-day: Has time run out for Sahara to raise funds to free Subrata Roy from jail?

The Supreme Court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief #Subrata Roy #Sahara #auction. Supreme Court
Goldmine in Mumbai: Sahara may not have to look abroad to rescue Subrata Roy

Mar 19, 2015

Goldmine in Mumbai: Sahara may not have to look abroad to rescue Subrata Roy

Even as Sahara's $2 billion deal with US-based Mirach Capital Group fizzles out soon after the Supreme Court of India granted the former a last opportunity to raise bail money to secure bail for its chief Subrata Roy and two directors in jail since March 2014, a new goldmine for the group seems to have emerged in Mumbai itself. #Sahara