News for '-sahara-chief'

SC bars govt from taking action against ED officer probing 2G scam

SC bars govt from taking action against ED officer probing 2G scam

Rediff.com1 Nov 2017

The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.

Sahara may mortgage iconic hotels to raise $1.7-billion bail for Roy

Sahara may mortgage iconic hotels to raise $1.7-billion bail for Roy

Rediff.com5 Sep 2014

Roy and his associates were jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog over the company's failure to repay billions of dollars to investors who were sold outlawed bonds.

No jurisdiction of ED to register laundering case: Sahara

No jurisdiction of ED to register laundering case: Sahara

Rediff.com17 Nov 2014

A criminal case has been registered against the group by the agency in connection with non-payment of crores of rupees to depositors after it got some fresh reports in this regard from the Sebi.

Reveal source of Rs 22K crore or face CBI probe: SC to Sahara

Reveal source of Rs 22K crore or face CBI probe: SC to Sahara

Rediff.com9 Jan 2014

The Supreme Court on Thursday warned the Sahara Group to reveal source of Rs 22,885 crore (Rs 228.85 billion) which it claimed to have refunded its investors or be ready to face inquiry by CBI and Registrar of Companies.

Sebi sets Sept 30 deadline to apply for Sahara refund

Sebi sets Sept 30 deadline to apply for Sahara refund

Rediff.com25 Aug 2014

Genuine investments identified so far is Rs.1.08 cr out of around Rs 24,000 cr.

Plea against Subrata Roy in 2G case maintainable: SC

Plea against Subrata Roy in 2G case maintainable: SC

Rediff.com9 Dec 2013

A bench of Justice G S Singhvi and K S Radhakrishnan also issued notice to Roy and his two employees, who were working with his news channel, seeking their response on why probe be not initiated against them.

Subrata Roy's saviour firm had capital of Rs 1 lakh, director in a chawl

Subrata Roy's saviour firm had capital of Rs 1 lakh, director in a chawl

Rediff.com26 Mar 2015

'A law firm checked credentials of Karan Ajit Judge and Nouam'

Sebi's sell-off of Sahara's property to fetch only a fraction of dues

Sebi's sell-off of Sahara's property to fetch only a fraction of dues

Rediff.com25 May 2016

The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.

Subrata Roy gets AC room, phone, laptops at Tihar jail

Subrata Roy gets AC room, phone, laptops at Tihar jail

Rediff.com13 Jan 2015

Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like Internet and video-conferencing at the Tihar prison as per a Supreme court order to complete negotiations for raising funds for his bail.

Jolt for Subrata Roy, as Aamby Valley goes under the hammer

Jolt for Subrata Roy, as Aamby Valley goes under the hammer

Rediff.com14 Aug 2017

The liquidator said the properties are being sold under two distinct phases over a period of two days

Court to hear IT case against Subrata Roy, others on July 14

Court to hear IT case against Subrata Roy, others on July 14

Rediff.com1 Jun 2015

The court will hear Sahara case on July 14.

Sahara accuses Sebi of going slow on investor verification

Sahara accuses Sebi of going slow on investor verification

Rediff.com28 Feb 2014

The group also said that Rs 20,000 crore was being demanded from it as 'security' because the Supreme Court has said that 'after verification of Sebi, if there are partially or fully fictitious accounts then that amount will go to government account'.

Court to hear IT case against Subrata Roy, others on June 1

Court to hear IT case against Subrata Roy, others on June 1

Rediff.com15 Apr 2015

Delhi court to hear Subrata Roy's IT case on June 1.

Aamby valley auction: SC gets tough with Sahara

Aamby valley auction: SC gets tough with Sahara

Rediff.com12 Oct 2017

The apex court was irked when Sebi claimed that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the prime property.

Justice J S Khehar to be next Chief Justice of India

Justice J S Khehar to be next Chief Justice of India

Rediff.com6 Dec 2016

Justice Khehar, 64, will be the first Chief Justice from the Sikh community and he will succeed CJI Thakur who will be demitting office on January 3, 2017.

SC orders sale of Sahara's Rs 34K cr Aamby Valley properties

SC orders sale of Sahara's Rs 34K cr Aamby Valley properties

Rediff.com17 Apr 2017

The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it

One needs to be superhuman to handle cases like Sahara: SC

One needs to be superhuman to handle cases like Sahara: SC

Rediff.com7 May 2014

Fed up with the tactics of Sahara Group and its chief Subrata Roy, the Supreme Court observed that judges would need to be "superhumans" to handle the pressures to handle frivolous litigations.

I have started hating myself: Subrata Roy

I have started hating myself: Subrata Roy

Rediff.com28 Feb 2014

Before surrendering to the police he clarified that he was no absconding.

Lalit Modi connection emerges in Sahara hotel deals

Lalit Modi connection emerges in Sahara hotel deals

Rediff.com18 Aug 2015

Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker

SC issues contempt notice to Sahara group's 2 firms

SC issues contempt notice to Sahara group's 2 firms

Rediff.com24 Jul 2013

The apex court on August 31 last year directed the two Sahara group companies to refund the money to their investors within three months with 15 per cent interest per annum.

Subrata Roy urges SC to release him on parole to sell properties

Subrata Roy urges SC to release him on parole to sell properties

Rediff.com3 Jul 2014

Sahara Chief Subrata Roy, who has been in jail for the last four months, on Thursday pleaded before the Supreme Court to allow him parole for at least 40 days to sell his properties to raise Rs 10,000 crore to get bail and expressed his willingness to dispose of luxury hotels in New York and London.

Sahara supports Sebi's claim to bring $13 mn to refund a/c

Sahara supports Sebi's claim to bring $13 mn to refund a/c

Rediff.com13 Apr 2015

The group also lauded 'Sebi's active cooperation' in the matter.

Subrata Roy can't leave India: SC

Subrata Roy can't leave India: SC

Rediff.com28 Jan 2014

Sahara Group chief Subrata Roy will not be allowed to leave the country with the Supreme Court today refusing to relax its order restraining him from going abroad till his company furnishes details of refunding Rs 20,000 crore of investors money.

How many billionaires understand art?

How many billionaires understand art?

Rediff.com22 Feb 2016

The West has built a culture of art philanthropy.

Sebi suggests Skype breaks for Subrata Roy

Sebi suggests Skype breaks for Subrata Roy

Rediff.com5 Jul 2014

Sebi suggested Roy be allowed to step out of Tihar jail for a few hours every day to negotiate the sale of his foreign properties over video conference.

Sahara has not complied with court order: SEBI to SC

Sahara has not complied with court order: SEBI to SC

Rediff.com20 Nov 2013

SEBI on Wednesday told the Supreme Court that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore (Rs 200 billion) as per its direction.

Sahara offers bank guarantees for Rs 22,500 cr to Sebi

Sahara offers bank guarantees for Rs 22,500 cr to Sebi

Rediff.com4 Mar 2014

Accused of persistent non-compliance, Sahara group on Tuesday offered Sebi fresh bank guarantees for Rs 22,500 crore and help in verifying investors including those the group claims to have already refunded.

If image is proof, PM should be arrested as well, Mamata says

If image is proof, PM should be arrested as well, Mamata says

Rediff.com13 Dec 2014

Rejecting the demand for sacking Transport Minister Madan Mitra arrested in Saradha scam case, West Bengal Chief Minister Mamata Banerjee on Saturday stepped up her attack on Narendra Modi saying "if image is a proof of criminal conspiracy, then the Prime Minister should be arrested for Sahara scam."

Punish Sahara's Subrata Roy, Sebi urges SC

Punish Sahara's Subrata Roy, Sebi urges SC

Rediff.com30 Jul 2013

Refuting the contention of Roy who had submitted that he cannot be penalised for non-refund of the money by Sahara India Real Estate Corp Ltd and Sahara India Housing Investment Corp Ltd, the market regulator said that the business tycoon held 70 per cent stake in the companies and liable for contempt of court punishable upto to six months imprisonment or fine.

Subrata Roy urges SC to show 'mercy' by granting bail

Subrata Roy urges SC to show 'mercy' by granting bail

Rediff.com4 Jul 2014

The Supreme Court on Friday reserved its order on interim bail plea of Sahara Chief Subrata Roy who pleaded to the court to show 'raham' (mercy) and allow him to come out of jail to sell off his properties to deposit Rs 10,000 crore (Rs 100 billion) with SEBI as directed to get regular bail.

Sahara owns several luxury apartments, assets abroad

Sahara owns several luxury apartments, assets abroad

Rediff.com16 Oct 2015

Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.

About Sebi's new, huge, Sahara problem

About Sebi's new, huge, Sahara problem

Rediff.com31 Mar 2016

As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.

SC allows Subrata Roy to use conference room in Tihar

SC allows Subrata Roy to use conference room in Tihar

Rediff.com1 Aug 2014

A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.

Sahara says will defend lawsuit on US hotels sale

Sahara says will defend lawsuit on US hotels sale

Rediff.com25 Jun 2015

This lawsuit will have no bearing on its fund-raising exercise as a deal is already in final stages

A year of tough legal battles for India Inc

A year of tough legal battles for India Inc

Rediff.com1 Jan 2015

Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.

Supreme Court allows sale of Sahara property

Supreme Court allows sale of Sahara property

Rediff.com29 May 2014

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 in cash besides a bank guarantee of an equivalent amount.

Sebi makes fresh bid to find Sahara investors

Sebi makes fresh bid to find Sahara investors

Rediff.com17 Dec 2014

While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.

For Subrata Roy, anxiety rises as deal unravels

For Subrata Roy, anxiety rises as deal unravels

Rediff.com18 Feb 2015

Subrata Roy is in jail since March last year.

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