Sahara India

Sahara India, Subrata Roy told to respond to PIL in two weeks

The PIL accused Roy and Sahara India of "openly denigrating and accusing" the Securities and Exchange Board of India of criminal misconduct under the Companies Act.

Sahara moved funds from India to UK via web of transactions

An investigation by the Business Standard has thrown up a complex web of transactions that enabled the controversial business group to flow fund seamlessly across nations to help it buy London's Grosvenor House in December 2010.

Subrata Roy shelled out Rs 31 lakh to use special facilities in jail

Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore for his bail.

Subrata Roy seeks restoration of special facilities in Tihar jail

On October 1, Roy was sent back to his cell in Tihar at the end of the period granted by the Supreme Court for stay at the air-conditioned facility in the complex to negotiate sale of his overseas hotels.

Sahara sells residential project to Ahmedabad-based developers

Sahara Group had floated 'Sahara City' residential scheme at Shela village near Bopal on the city outskirts a few years ago.

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.

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.

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.

SC says it's willing to defreeze Sahara bank accounts

The bench, which had last year frozen all bank accounts of companies and restrain them from selling any properties without its approval

Subrata Roy's plea for house arrest turned down by SC

Senior counsel Ram Jethamalani urged the court that Sahara chief be placed under house arrest at least for a week so that he could meet the international parties who are willing to take Sahara assets.