Sahara

SC restrains Sahara's Roy from leaving country

Holding that it was playing "hide and seek" and cannot be trusted any more, the Supreme Court today directed the Sahara group to hand over title deeds of its properties worth Rs 20,000 crore to SEBI and restrained its chief Subrata Roy from leaving the country without its permission.

Why Supreme Court is running out of patience with Sahara's Subrata Roy

The Supreme Court has given the Sahara Group too long a rope. The Saharas have successful stalled compliance with an order of August last year till now

Sahara link behind Samajwadi Party's opposition to Sebi bill?

As of now, the Sebi can regulate only listed companies. The amendment will allow it to regulate unlisted companies too, which will bring Sahara Real Estate Corporation and Sahara Home Finance Corporation, the two Sahara companies that allegedly raised about Rs 17000 crore through illegal optionally fully convertible debentures.<br /><br />

Subrata Roy not liable for Rs 24,000 crore refund: Sahara to SC

Sahara group today told the Supreme Court that its chief Subrata Roy is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of SEBI

Relief to Sahara in Sebi plea as SC says ads not contempt

Court issues fresh summons to Sahara, its chief Subrata Roy

A magistrate today issued fresh summons to two Sahara Group firms and their top executives, including the organisation chief Subrata Roy, asking them to appear on September 30 in connection with the alleged violation of regulations of Companies Act and Sebi Act.

Sahara companies disregarded SC orders to return Rs24,000 crore: SEBI

The Securities and Exchange Board of India (SEBI) Tuesday told the Supreme Court that Sahara Group's two real estate companies disobeyed three court orders on returning Rs.24,000 crores to investors

Sebi recovers 52 crore from frozen Sahara accounts

The cash totalling over Rs 23 crore, received from various banks pursuant to these orders, has been invested in a term deposit for now, while investments worth about Rs 28 crore in mutual funds and demat accounts have also been frozen.

Sebi flooded with Sahara refund claims but are they genuine investors?

While the volumes of such refund applications as such are huge, most of these claims are being made without necessary details and documents, sources familiar with the situation said.

Sebi flooded with refund claims from Sahara investors

Sebi has got a new problem at hand - that is handling the huge volumes of refund claims with majority of them being without necessary documents and details.