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Subrata Roy

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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
US-based Mirach files $400 mn defamation suit against Sahara

Mar 17, 2015

US-based Mirach files $400 mn defamation suit against Sahara

US-based Mirach Capital today said it is initiating a $400 million defamation lawsuit againstthe Sahara group, while alleging that the failed financing deal with the Indian conglomerate has caused "irreparable harm" and "shaken investor confidence". #Sahara Group #Supreme Court #Subrata Roy #Sahara #Mirach Group
Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

Mar 03, 2015

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches". #World #India #Supreme Court #SEBI #Subrata Roy #Sahara #Bank of China #Grosvenor House
Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Mar 03, 2015

Sahara puts London-based Grosvenor House on sale, may fetch Rs 5,000 cr

Grosvenor House, a landmark property on Park Lane here, is one of the three marquee hotels owned by Sahara outside India, the other two being Plaza and Dream Downtown in New York. #Sahara Group #CompanyWatch #Subrata Roy #Deloitte #Jones Lang LaSalle #Grosvenor House #dream downtown #The Plaza