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Subrata Roy

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Sahara-Sebi saga: Apex court has reasons to be vexed with Subrata Roy's histrionics

Feb 03, 2016

Sahara-Sebi saga: Apex court has reasons to be vexed with Subrata Roy's histrionics

It is the continued game of claim versus counter claim that is bothering the country’s apex court which, probably, doesn’t want any more papers or plans but a final settlement from Roy. #Sahara Group #SEBI #ConnectTheDots #Subrata Roy #Kargil War #Aamby Valley #Grosvenor House #Sahara Star Hotel
Embattled Sahara group dips into small savers' funds to keep Aamby Valley afloat

Feb 01, 2016

Embattled Sahara group dips into small savers' funds to keep Aamby Valley afloat

Sahara has infused at least Rs 1,500 crore ($221 million) from two of its credit cooperatives into the Aamby Valley resort project through investments in preference shares #Sahara Group #Supreme Court #SEBI #Aamby Valley #founder Subrata Roy #Saharayn E-Multipurpose Society #Rajani Associates #cooperative funds
Tackling cronies requires political will; else RBI will become a paper tiger

Jan 14, 2016

Tackling cronies requires political will; else RBI will become a paper tiger

The RBI alone cannot do much to hunt down the “inter-connected wrongdoers” unless there is a strong political will #RBI #Kingfisher Airlines #Vijay Mallya #Raghuram Rajan #NPA #Subrata Roy #Sahara #wilful defaulters
Relief for Subrata Roy? European firm offers $5 bn to bail out Sahara

Sep 28, 2015

Relief for Subrata Roy? European firm offers $5 bn to bail out Sahara

The bench had said a retired judge of the apex court, who was appointed to oversee the action taken by Sebi against the Group, would be the chairman of the receiver. #Sahara Group #NewsTracker #Supreme Court #SEBI #Subrata Roy #Aamby Valley #Helvetia Group
SC order in Mallya 'wilful default' case cannot but cheer crony capitalists

Sep 19, 2015

SC order in Mallya 'wilful default' case cannot but cheer crony capitalists

The courts have been a factor in delaying the declaration of Vijay Mallya as a 'wilful" defaulter over his Kingfisher loans #Supreme Court #Kingfisher Airlines #InMyOpinion #Vijay Mallya #Subrata Roy #crony capitalists
RBI cancels Sahara India Financial Corp's NBFC registration

Sep 14, 2015

RBI cancels Sahara India Financial Corp's NBFC registration

The registration of the Lucknow-headquartered NBFC stands cancelled with effect from 3 September, RBI said in a release. #RBI #Sahara Group #NewsTracker #Supreme Court #SEBI #Subrata Roy #Sahara India Financial Corporation
Two foreign firms move SC to buy Sahara's overseas hotels

Aug 14, 2015

Two foreign firms move SC to buy Sahara's overseas hotels

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail. #NewsTracker #SEBI #Subrata Roy #Sahara #Sahara Hotels
Sahara case: Supreme Court says Subrata Roy in jail by choice; may appoint receiver for asset sale

Aug 04, 2015

Sahara case: Supreme Court says Subrata Roy in jail by choice; may appoint receiver for asset sale

The court had declined to relax the conditions for interim bail of Roy like depositing Rs 5,000 crore in cash and a bank guarantee of equal amount and tough terms including payment of the entire Rs 36,000 crore in 18 months. #Sahara Group #NewsTracker #Supreme Court #Kapil Sibal #Subrata Roy #Gorakhpur Real Estate Developers Private Limited #Samriddhi Developers